Setting the optimal type of equipment to be adopted and the optimal time to replace it
AbstractThe 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18320.
Date of creation: 03 Nov 2009
Date of revision:
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-07 (All new papers)
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