Application of a greedy algorithm to military aircraft fleet retirements

Newcamp, J, Verhagen, W, Udluft, H and Curran, R 2017, 'Application of a greedy algorithm to military aircraft fleet retirements', Journal of Aerospace Technology and Management, vol. 9, no. 3, pp. 357-367.

Document type: Journal Article
Collection: Journal Articles

Title Application of a greedy algorithm to military aircraft fleet retirements
Author(s) Newcamp, J
Verhagen, W
Udluft, H
Curran, R
Year 2017
Journal name Journal of Aerospace Technology and Management
Volume number 9
Issue number 3
Start page 357
End page 367
Total pages 11
Publisher Instituto de Aeronautica e Espaco (I A E)
Abstract This article presents a retirement analysis model for aircraft fleets. By employing a greedy algorithm, the presented solution is capable of identifying individually weak assets in a fleet of aircraft with inhomogeneous historical utilization. The model forecasts future retirement scenarios employing user-defined decision periods, informed by a cost function, a utility function and demographic inputs to the model. The model satisfies first-order necessary conditions and uses cost minimization, utility maximization or a combination of the 2 as the objective function. This study creates a methodology for applying a greedy algorithm to a military fleet retirement scenario and then uses the United States Air Force A-10 Thunderbolt II fleet for model validation. It is shown that this methodology provides fleet managers with valid retirement options and shows that early retirement decisions substantially impact future fleet cost and utility.
Subject Aerospace Engineering not elsewhere classified
Keyword(s) Aircraft cost
Aircraft retirement
Fleet manager
Retirement model
DOI - identifier 10.5028/jatm.v9i3.818
Copyright notice © 2017, Journal of Aerospace Technology and Management. All rights reserved.
ISSN 1984-9648
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