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We prove that Fan’s theorem is true for discontinuous increasing mappings f in a real partially ordered reflexive, strictly convex, and smooth Banach space X. The main tools of analysis are the variational characterizations of the generalized projection operator and order-theoretic fixed point theory. Moreover, we get some properties of the generalized projection operator in Banach spaces. As applications of our best approximation theorems, the fixed point theorems for non-self-maps are established and proved under some conditions. Our results are generalizations and improvements of the recent results obtained by many authors.