De-risking Fleet Replacement Decisions
This paper outlines the different modelling approaches for realizing sustainable operations of assetreplacement. We study the fleet portfolio management problem that could be faced by a firm deciding ahead which vehicles to choose for its fleet. In particular it suggests a model that enables generat...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Book Chapter |
| Published: |
Springer International
2014
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| Online Access: | http://hdl.handle.net/20.500.11937/40814 |
| _version_ | 1848755971923378176 |
|---|---|
| author | Liret, A. Ansaripoor, Amir Hossein Oliveira, F. |
| author2 | Max Bramer |
| author_facet | Max Bramer Liret, A. Ansaripoor, Amir Hossein Oliveira, F. |
| author_sort | Liret, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper outlines the different modelling approaches for realizing sustainable operations of assetreplacement. We study the fleet portfolio management problem that could be faced by a firm deciding ahead which vehicles to choose for its fleet. In particular it suggests a model that enables generating a plan of vehicle replacement actions with cost minimization and risk exposure simulation. It proposes to use conditional value at risk (CVaR) to account for uncertainty in the decision process, and to use clusters modelling to align the generated plan with vehicle utilization. |
| first_indexed | 2025-11-14T09:04:47Z |
| format | Book Chapter |
| id | curtin-20.500.11937-40814 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:04:47Z |
| publishDate | 2014 |
| publisher | Springer International |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-408142023-02-27T07:34:25Z De-risking Fleet Replacement Decisions Liret, A. Ansaripoor, Amir Hossein Oliveira, F. Max Bramer Miltos Petridis This paper outlines the different modelling approaches for realizing sustainable operations of assetreplacement. We study the fleet portfolio management problem that could be faced by a firm deciding ahead which vehicles to choose for its fleet. In particular it suggests a model that enables generating a plan of vehicle replacement actions with cost minimization and risk exposure simulation. It proposes to use conditional value at risk (CVaR) to account for uncertainty in the decision process, and to use clusters modelling to align the generated plan with vehicle utilization. 2014 Book Chapter http://hdl.handle.net/20.500.11937/40814 10.1007/978-3-319-12069-0_12 Springer International restricted |
| spellingShingle | Liret, A. Ansaripoor, Amir Hossein Oliveira, F. De-risking Fleet Replacement Decisions |
| title | De-risking Fleet Replacement Decisions |
| title_full | De-risking Fleet Replacement Decisions |
| title_fullStr | De-risking Fleet Replacement Decisions |
| title_full_unstemmed | De-risking Fleet Replacement Decisions |
| title_short | De-risking Fleet Replacement Decisions |
| title_sort | de-risking fleet replacement decisions |
| url | http://hdl.handle.net/20.500.11937/40814 |