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Economic Equipment Policies: An Evaluation


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  • Vernon L. Smith

    (Purdue University)


The present paper summarizes the results of a detailed empirical investigation of the theory of economic equipment policy as applied to one important kind of industrial equipment, viz line-haul truck-tractor power units. The objective of this research was to ascertain, for a type of equipment which is perhaps best suited to exact replacement analysis, the quantitative importance to the firm of following optimal policies in replacement and in the choice of equipment type. Also it was desired to compare actual with optimal policies in a concrete case.

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Bibliographic Info

Article provided by INFORMS in its journal Management Science.

Volume (Year): 4 (1957)
Issue (Month): 1 (October)
Pages: 20-37

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Handle: RePEc:inm:ormnsc:v:4:y:1957:i:1:p:20-37

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Cited by:
  1. Victoria Greenfield & David Persselin, 2003. "How old is too old? An economic approach to replacing military aircraft," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(5), pages 357-368.
  2. Guerrero, Sebastian E. & Madanat, Samer M. & Leachman, Robert C., 2013. "The Trucking Sector Optimization Model: A tool for predicting carrier and shipper responses to policies aiming to reduce GHG emissions," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 59(C), pages 85-107.


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