@article {Espiritu:October 2008:0013-791X:318,
	author = "Espiritu, Jose",
	author = "Coit, David",
	title = "A Component Replacement Model for Electricity Distribution Systems",
	journal = "The Engineering Economist",
	volume = "53",
	year = "October 2008",
	abstract = "A new replacement analysis methodology is developed and demonstrated to determine system-level component replacement schedules for electricity distribution systems composed of sets of heterogeneous assets. The proposed model is an iterative combined dynamic programming and integer programming approach to obtain cost-efficient system-level component replacement schedules with the objective of minimizing the total net present value of unmet demand (considering the system availability), maintenance, and purchase costs over a finite planning horizon. There is an annual budget limiting total expenditures for maintenance and replacement costs that limits the selection of component replacement schedules.",
	pages = "318-339(22)",
	url = "http://www.ingentaconnect.com/content/tandf/utee/2008/00000053/00000004/art00002"
	doi = "doi:10.1080/00137910802482279"
}