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Joseph C. Hartman

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Publications

Textbook
  • Hartman, J. C., Engineering Economy and the Decision-Making Process, Prentice Hall Inc., Upper Saddle River, NJ, 728 pages, 2007.  (Chinese Traditional Translation printed by Pearson Education Taiwan, 2010)
Journal Articles
  • Feng, T. K. and J. C. Hartman, “The Sequential Stochastic Assignment Problem with Postponement Options,” Probability in the Engineering and Informational Sciences, 27:25-51, 2013.
  • Bazargan, M. and J. C. Hartman, “Aircraft Replacement Strategy: Model and Analysis,” Journal of Air Transport Management, 25:26-29, 2012.
  • Brunson, K., B. DeLee, J. Nachtigal, B. Hill and J. C. Hartman, “Case Study: Transport Carrier Replacement Analysis,” The Engineering Economist, 54(4):354-384, 2011.
  • Tan, C. H. and J. C. Hartman, “Sensitivity Analysis in Markov Decision Processes with Uncertain Rewards Parameters,” to appear in Journal of Applied Probability, 48(4), 2011.
  • Kulp, A. and J. C. Hartman, “Optimal Tax Depreciation with Loss Carry-Forward and Backward Options,” European Journal of Operational Research, 208:161–169, 2011.
  • Hartman, J. C., I. E. Buyuktahtakin and J. C. Smith, “Dynamic-programming-based inequalities for the capacitated lot-sizing problem,” IIE Transactions, 42(12): 915-930, 2010.
  • Laksana, K., and J. C. Hartman, “Planning Product Design Refreshes with Service Contract and Competition Considerations,” International Journal of Production Economics, 126(2):189-203, 2010.
  • Wu. P. and J. C. Hartman, “Case Study: Solving a Rental Fleet Sizing Model with a Large Time–Space Network,” The Engineering Economist, 55(1):71-104, 2010.
  • Tan, C. H. and J. C. Hartman, “Equipment Replacement under an Uncertain Finite Horizon,” IIE Transactions, 42(5):342-353, 2010.
  • Perry, T. C. and J. C. Hartman, “An Approximate Dynamic Programming Approach to Solving a Dynamic, Stochastic Multiple Knapsack Problem,” International Transactions on Operational Research 16:347–359, 2009.
  • Hartman, J. C. and K. Laksana, “Designing and Pricing Menus of Extended Warranty Contracts,” Naval Research Logistics, 56:199-214, 2009.
  • Eschenbach, T. G., N. Lewis and J. C. Hartman, “Waiting Cost Models for Real Options,” The Engineering Economist, 54(1):1-21, 2009.
  • Lewis, N., T. G. Eschenbach and J. C. Hartman, “Can We Capture the Value of Option Volatility?” submitted to The Engineering Economist, 53(3): 230-258, 2008.
  • Eschenbach, T. G., N. Lewis, M. Henrie, E. Baker, and J. C. Hartman, “Real Options and Real Engineering Projects,” Engineering Management Journal,19(4):11-19, 2007.
  • Huegler, P. and J. C. Hartman, “Fulfilling Customer Orders for Steel Plates from Existing Inventory,” Journal of the Operational Research Society, 58:1156-1166, September, 2007.
  • Hartman, J. C., S. L. Liedtka and L. V. Snyder, “The Impact of US Tax Depreciation Law on Asset Location and Ownership Decisions,” Computers and Operations Research, 34(12):3560-3568, 2007.
  • Sharma, M., J. C. Ammons and J. C. Hartman, “Asset Management with Reverse Product Flows and Environmental Considerations,” Computers and Operations Research, 34(2):464-486, 2007.
  • Hartman, J. C. and T. C. Perry, “Approximating the Solution of a Dynamic, Stochastic, Multiple Knapsack Problem,” Journal of Control and Cybernetics, 35(3):535-550, 2006.
  • McGeary, T. and J. C. Hartman, “Electronic Resource Management: A Multi-Period Capital Budgeting Approach,” The Engineering Economist, 51(4):335-350, 2006.
  • Hartman, J. C. and J. L. Rogers, “Dynamic Programming Approaches for Equipment Replacement Problems with Continuous and Discontinuous Technological Change,” IMA Journal of Management Mathematics, 17(2):143-158, 2006.
  • Hartman, J. C. and A. Murphy, “Finite Horizon Equipment Replacement Analysis,” IIE Transactions, 38:409-419, 2006.
  • Hartman, J. C., “A note on ‘A strategy for optimal equipment replacement’,” Production Planning and Control, 16(7):733-739, 2005.
  • Wu, P., J. C. Hartman and G. R. Wilson, “An Integrated Model and Solution Approach for Fleet Sizing with Heterogeneous Assets,” Transportation Science, 39(1):87-103, 2005.
  • Rogers, J. L., and J. C. Hartman, “Equipment Replacement under Continuous and Discontinuous Technological Change,” IMA Journal of Management Mathematics, 16:23-36, 2005.
  • Keles, P. and J. C. Hartman, “Case Study: Bus Fleet Replacement,” The Engineering Economist, 49(3):253-278, 2004.
  • Hartman, J. C. and I. Schafrick, “The Relevant Rate of Return,” The Engineering Economist, 49(2):139-158, 2004.
  • Hartman, J. C., “Multiple Asset Replacement Analysis under Variable Asset Utilization and Stochastic Demand,” European Journal of Operational Research, 159(1):145-165, 2004.
  • Wu, P., J. C. Hartman and G. R. Wilson, “A Demand-Shifting Feasibility Algorithm for Benders Decomposition,” European Journal of Operational Research, 148:570-583, 2003.
  • Hartman, J. C., “New Depreciation Rules and their Impact on Capital Investment from the Job Creation and Worker Assistance Act of 2002,” The Engineering Economist, 47(3):354-367, 2002.
  • Hartman, J. C. and J. Ban, “The Series-Parallel Replacement Problem,” Robotics and Computer Integrated Manufacturing, 18:215-221, 2002.
  • Hartman, J. C. and R. V. Hartman, “After-Tax Economic Replacement Analysis,” The Engineering Economist, 46(3):181-204, 2001.
  • Hartman, J. C., “An Economic Replacement Model with Probabilistic Asset Utilization,” IIE Transactions, 33(9):717-729, 2001.
  • Hartman, J. C., “On the Equivalence of Net Present Value and Economic Value Added as Measures of a Project’s Economic Worth,” The Engineering Economist, 45(2):158-165, 2000.
  • Hartman, J. C., “The Parallel Replacement Problem with Demand and Capital Budgeting Constraints,” Naval Research Logistics, 47:40-56, 2000.
  • Hartman, J. C., “A General Procedure for Incorporating Asset Utilization Decisions into Replacement Analysis,” The Engineering Economist, 44(3):217-238, 1999.
  • Hartman, J. C., L. W. Clarke and J. R. Lohmann, “Solving Large Parallel Replacement Problems with Minimum Cost Flow Models,” Engineering Valuation and Cost Analysis, 2:211-224, 1999.
  • Hartman, J. C. and R. F. Hercek, “Replacement Analysis under Risk using a Fuzzy Logic Approach,” Engineering Valuation and Cost Analysis, 2(2):93-102, 1999.
  • Hartman, J. C., “A linear programming formulation with integer solutions for an equipment replacement problem with multiple assets: the concave demand case,” International Journal of Systems Science, 29(11):1225-1234, 1998.
  • Hartman, J. C. and J. R. Lohmann, “Multiple Options in Parallel Replacement Analysis: Buy, Lease or Rebuild,” The Engineering Economist, 42(3):223-248, Spring 1997.
  • Hartman, J. C., “A Note on the Fleet Design Problem,” The Engineering Economist, 41(1):69-75, Fall 1995.

Book Chapters

  • Williams, R. J., J. C. Hartman, F. S. Zazueta and J. Smith, “Development for Student Success: An Undergraduate Online Course in Engineering,” pp. 101-106 in Teaching with Technology, Volume 2, G. Christopher Clark and Sherry A. Clouser (eds.), Learning Technology Consortium, Pittsburgh, PA, 2012.
  • Hartman, J. C. and C. H. Tan, “Modeling Technological Change in Equipment Replacement Models” Chapter 3 (pp. 70-91) in Optimal Control of Age-structured Populations in Economy, Demography, and the Environment, Raouf Boucekkine, Natali Hritonenko and Yuri Yatsenko (eds.), Taylor and Francis (Routledge Explorations in Environmental Economics), London, UK, 2011.
  • Scarf, P. A. and J. C. Hartman, “Replacement of Capital Equipment,” Chapter 12 (pp. 287-319) in Complex Systems Maintenance Handbook, K. A. H. Kobbacy and D. N. P. Murthy (eds.), Springer (Series in Reliability Engineering), Surrey, UK, 2008.
  • Hartman, J. C., “Supersonic Service?” Case Study 30 (pp. 142-144) in Case Studies for Engineering Economy (2nd Edition), William Peterson and Ted Eschenbach (eds.), Oxford University Press, New York, 2009.
  • Hartman, J. C., “Capital Expenditures” section in chapter of “Finance” of Engineering Wide Planning and Optimization, Air Products and Chemicals, White Paper, Allentown, PA, May, 2003.
  • Hartman, J. C., “Inflation and Price Change in Economic Analysis,” Chapter 92 (pp. 2394-2405) in Handbook of Industrial Engineering (3rd Edition), Gavriel Salvendy (ed.), John Wiley and Sons, New York, NY, 2001.
  • Hartman, J. C., “Replacement Analysis with Advanced Technologies: A Traditional Framework,” Chapter 2 (pp. 21-34) in Economic Evaluation of Advanced Technologies: Techniques and Case Studies, Jerome Lavelle, Hampton Liggett and Hamid Parsaei (eds.), Gordon and Breach Publishers, Newark, NJ, 2002.
  • Hartman, J. C., “Capital Gain,” in Industrial Engineering Applications and Practice: Users’ Encyclopedia (ISBN 0-9654599-0-X), Anil Mital (ed.), International Journal of Industrial Engineering, Cincinnati, Ohio, CD-ROM, 1999.
  • Hartman, J. C., “Depreciation,” in Industrial Engineering Applications and Practice: Users’ Encyclopedia (ISBN 0-9654599-0-X), Anil Mital (ed.), International Journal of Industrial Engineering, Cincinnati, Ohio, CD-ROM, 1999.
  • Hartman, J. C., “Economic Life,” in Industrial Engineering Applications and Practice: Users’ Encyclopedia (ISBN 0-9654599-0-X), Anil Mital (ed.), International Journal of Industrial Engineering, Cincinnati, Ohio, CD-ROM, 1999.
  • Hartman, J. C., “Replacement Analysis,” in Industrial Engineering Applications and Practice: Users’ Encyclopedia (ISBN 0-9654599-0-X), Anil Mital (ed.), International Journal of Industrial Engineering, Cincinnati, Ohio, CD-ROM, 1999.
  • Hartman, J. C., “Sunk Costs,” in Industrial Engineering Applications and Practice: Users’ Encyclopedia (ISBN 0-9654599-0-X), Anil Mital (ed.), International Journal of Industrial Engineering, Cincinnati, Ohio, CD-ROM, 1999.
  • Hartman, J. C., “Unequal Service Lives,” in Industrial Engineering Applications and Practice: Users’ Encyclopedia (ISBN 0-9654599-0-X), Anil Mital (ed.), International Journal of Industrial Engineering, Cincinnati, Ohio, CD-ROM, 1999.
  • Hartman, J. C., Evaluating Multiple Options in Parallel Replacement Under Demand and Rationing Constraints, Ph.D. Dissertation, School of Industrial and Systems Engineering, Georgia Institute of Technology, 1996.

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