Titlebook: Research and Development in Intelligent Systems XXXI; Incorporating Applic Max Bramer,Miltos Petridis Conference proceedings 2014 Springer

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De-risking Fleet Replacement Decisionsent 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