Advanced OR and AI Methods in Transportation VEHICLE REPLACEMENT PLANNING IN FREIGHT TRANSPORTATION COMPANIES

The paper presents the method that allows defining the optimal replacement policy for vehicles utilized in a freight transportation company. The mathematical model of the problem as well as the solution procedure are described. The problem has been formulated in terms of the singlecriterion, linear, deterministic, static and discrete mathematical programming. The exact solution procedure has been proposed. The problem has been solved as a real life case study.