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Setting the optimal type of equipment to be adopted and the optimal time to replace it

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Author Info
Albici, Mihaela

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Abstract

The mathematical models of equipment’s wear and tear, and replacement theory aim at deciding on the purchase selection of a certain equipment type, the optimal exploitation time of the equipment, the time and ways to replace or repair it, or to ensure its spare parts, the equipment’s performance in the technical progress context, the opportunities to modernize it etc.

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File URL: http://mpra.ub.uni-muenchen.de/18320/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18320.

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Date of creation: 03 Nov 2009
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Handle: RePEc:pra:mprapa:18320

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Related research
Keywords: Equipment; optimal type; optimal time;

Find related papers by JEL classification:
M11 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Production Management
O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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This page was last updated on 2009-12-5.

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