Combining known continuous-and discrete-time models of equipment replacement, we show that the optimal equipment lifetime is shorter when the embodied technological change is more intense. The paper has been inspired by a paradox in the equipment replacement raised by Cheevaprawatdomrong and Smith i
✦ LIBER ✦
Discrete–continuous analysis of optimal equipment replacement
✍ Scribed by Yuri Yatsenko; Natali Hritonenko
- Book ID
- 111206023
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 219 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0969-6016
No coin nor oath required. For personal study only.
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