Promoting the technical progress by developing, modernizing and refitting the existent capacity is a very complex action from the economic point of view, sometimes difficult to accomplish, but that generates some of the best results for the activity of the entity. Determining the optimum moment to replace some pieces of equipment and taking the best decision in buying new equipment play an important role in this activity. Determining the optimum moment to replace the equipment by means of economic calculation of the efficiency has to take into account many factors, of which, most important are the specific conditions in which each asset functions and the influence of the technical progress.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Find related papers by JEL classification: M00 - Business Administration and Business Economics; Marketing; Accounting - - General - - - General M4 - Business Administration and Business Economics; Marketing; Accounting - - Accounting