IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v19y1987i8p1115-1121.html
   My bibliography  Save this article

Optimal Replacement and Maintenance of Urban Infrastructure

Author

Listed:
  • P F Lesse
  • J R Roy

Abstract

The theory of optimal control is used to derive the optimal policy for maintenance and replacement of the capital invested into deteriorating infrastructure networks or facilities. Depending on economic conditions, the optimal policy consists either in maintaining the infrastructure indefinitely at its initial level, or in letting it run down and postponing its replacement as long as possible.

Suggested Citation

  • P F Lesse & J R Roy, 1987. "Optimal Replacement and Maintenance of Urban Infrastructure," Environment and Planning A, , vol. 19(8), pages 1115-1121, August.
    • Handle: RePEc:sae:envira:v:19:y:1987:i:8:p:1115-1121
    DOI: 10.1068/a191115
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a191115
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a191115?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gerald L. Thompson, 1968. "Optimal Maintenance Policy and Sale Date of a Machine," Management Science, INFORMS, vol. 14(9), pages 543-550, May.
    2. S. R. Arora & P. T. Lele, 1970. "A Note on Optimal Maintenance Policy and Sale Date of a Machine," Management Science, INFORMS, vol. 17(3), pages 170-173, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tony H. Grubesic & Timothy C. Matisziw, 2008. "Prospects for Assessing and Managing Vulnerable Infrastructures: Policy and Practice," Growth and Change, Wiley Blackwell, vol. 39(4), pages 543-547, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marcel Savioz, 1990. "Investment and Maintenance in the Aviation Industry," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(I), pages 17-38, March.
    2. Mason, Robin, 2004. "Dividends, safety and liquidation when liabilities are long-term and stochastic," European Economic Review, Elsevier, vol. 48(6), pages 1179-1210, December.
    3. George C. Bitros & Elias Flytzanis, 2003. "A Rehabilitation of Economic Replacement Theory," Macroeconomics 0303009, University Library of Munich, Germany.
    4. Mark G. Tang, 1993. "A stochastic machine maintenance and sale problem: Results with different production functions," Naval Research Logistics (NRL), John Wiley & Sons, vol. 40(5), pages 677-696, August.
    5. A. Bensoussan & Q. Feng & S. P. Sethi, 2022. "Integrating equipment investment strategy with maintenance operations under uncertain failures," Annals of Operations Research, Springer, vol. 317(2), pages 353-386, October.
    6. George Bitros, 2010. "The theorem of proportionality in contemporary capital theory: An assessment of its conceptual foundations," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(4), pages 367-401, December.
    7. Kim, Bowon & Park, Sangsun, 2008. "Optimal pricing, EOL (end of life) warranty, and spare parts manufacturing strategy amid product transition," European Journal of Operational Research, Elsevier, vol. 188(3), pages 723-745, August.
    8. Wallace J. Hopp & Sung‐Chi Wu, 1988. "Multiaction maintenance under markovian deterioration and incomplete state information," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(5), pages 447-462, October.
    9. George Bitros & Elias Flytzanis, 2004. "Utilization and Maintenance in a Model with Terminal Scrapping," Macroeconomics 0411016, University Library of Munich, Germany.
    10. Bitros, George C., 2009. "The Theorem of Proportionality in Mainstream Capital Theory: An Assessment of its Conceptual Foundations," MPRA Paper 17436, University Library of Munich, Germany.
    11. Dimitrios Koumparoulis, 2011. "The Proportionality Hypothesis in Capital Theory: an Assessment of the Literature," EuroEconomica, Danubius University of Galati, issue 27, pages 27-39, February.
    12. Ali Dogramaci & Nelson M. Fraiman, 2004. "Replacement Decisions with Maintenance Under Uncertainty: An Imbedded Optimal Control Model," Operations Research, INFORMS, vol. 52(5), pages 785-794, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:19:y:1987:i:8:p:1115-1121. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.