Article ID Journal Published Year Pages File Type
1142688 Operations Research Letters 2008 4 Pages PDF
Abstract

The variable lifetime of assets is analyzed in a serial replacement problem. Technological change impacts the maintenance cost and new asset cost. The optimal asset lifetime appears to be constant only when both costs decrease with the same rate. We identify cases when the technological change decreases or increases the optimal lifetime.

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Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
Preview
The dynamics of asset lifetime under technological change
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