Equipment Replacement Decision Making: Challenges and Opportunities

Citation:

W. Fan, Gemar, M. D., and Machemehl, R. B., “Equipment Replacement Decision Making: Challenges and Opportunities”. 2013.

Abstract:

This paper uses a genetic algorithm to systematically examine the underlying characteristics of the optimal bus transit route network design problem BTRNDP with variable transit demand. A multiobjective nonlinear mixed integer model is formulated for the BTRNDP. The proposed solution framework consists of three main components: an initial candidate route set generation procedure ICRSGP that generates all feasible routes incorporating practical bus transit industry guidelines; and a network analysis procedure NAP that decides transit demand matrix, assigns transit trips, determines service frequencies, and computes performance measures; and a genetic algorithm procedure GAP that combines these two parts, guides the candidate solution generation process, and selects an optimal set of routes from the huge solution space. A C++ program code is developed to implement the proposed solution methodology for the BTRNDP with variable transit demand. An example network is successfully tested as a pilot study. Sensitivity analyses are performed. Comprehensive characteristics underlying the BTRNDP, including the effect of route set size, the effect of demand
aggregation, and the redesign of the existing transit network issue, are also presented.

Notes:

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