Aging Aircraft Repair-Replacement Decisions With Depot-Level Capacity as a Policy Choice Variable
DEPUTY CHIEF OF STAFF PLANS AND OPERATIONS (AIR FORCE) WASHINGTON DC DIRECTORATE OF PLANS
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In Keating and Dixon 2003, we presented a model for determining when it would be optimal to retire, rather than continue to repair, an aging system. This work extends Keating and Dixon along two dimensions. First, we extend our methodology to examine whether a proposed modification mod is worthwhile relative to retiring an aircraft. Second, we develop a new methodology to explore the desirability of additional investment in depot-level capacity.