The optimal lifetime of capital equipment

DOI10.1016/0022-0531(91)90051-5zbMath0745.90006OpenAlexW2084174766MaRDI QIDQ1181678

Onno van Hilten

Publication date: 27 June 1992

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(91)90051-5

zbMATH Keywords

optimal replacementoptimal machine lifevintage models

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Economic growth models (91B62)

Related Items (26)

Optimization in a vintage capital model with piecewise linear cost function ⋮ Optimal equipment replacement without paradoxes: A continuous analysis ⋮ Maximum principle for Volterra integral equations with controlled delay time ⋮ Replacement echoes in the vintage capital growth model ⋮ Endogenous vs exogenously driven fluctuations in vintage capital models ⋮ Optimization problem for the integral model of developing systems ⋮ Optimal control of Solow vintage capital model with nonlinear utility ⋮ Influence of economic indices on the solution to the optimization problem of the age structure of power plants equipment ⋮ Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model ⋮ Network economics and optimal replacement of age-structured IT capital ⋮ Discrete-continuous analysis of optimal equipment replacement ⋮ Differential-difference equations in economics ⋮ Turnpike and optimal trajectories in integral dynamic models with endogeneous delay ⋮ Vintage human capital and learning curves ⋮ The dynamics of asset lifetime under technological change ⋮ Integral equation of optimal replacement: analysis and algorithms ⋮ Fleet replacement under technological shocks ⋮ Concavity in a vintage capital model with nonlinear utility ⋮ From Linear to Nonlinear Utility in Vintage Capital Models ⋮ Nonlinear optimal control of vintage capital lifetime and irreversible investments ⋮ Non-linear integral models with endogenous delay in economics and finance ⋮ Hybrid approach to the rational management of machine replacement ⋮ Anticipation echoes in vintage capital models ⋮ Numerical solution of the age structure optimization problem for basic types of power plants ⋮ Optimal pattern of technology adoptions under embodiment: A multi-stage optimal control approach ⋮ Technological modernization under resource scarcity

Cites Work

• Replacement and the rental value of capital equipment subject to obsolescence

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