The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning

DOI10.1016/j.jedc.2007.12.003zbMath1181.91113MaRDI QIDQ844773

Yuri Yatsenko, Renan-Ulrich Goetz, Natali Hritonenko

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2007.12.003

zbMATH Keywords

vintage capital; distributed optimal control; economic lifetime; operation and maintenance costs; technological progress and learning

Mathematics Subject Classification ID

49K20: Optimality conditions for problems involving partial differential equations

91B38: Production theory, theory of the firm

91B32: Resource and cost allocation (including fair division, apportionment, etc.)

Related Items

Convergence of numerical solutions for a class of stochastic age-dependent capital system with fractional Brownian motion, Investment in vintage capital, A mixed integer nonlinear programming model for the optimal repair-replacement in the firm, Optimal control of investments in old and new capital under improving technology, Exponential stability of numerical solutions for a class of stochastic age-dependent capital system with Poisson jumps, Maintenance and investment: complements or substitutes? A reappraisal, Vintage human capital and learning curves, Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model, Age-Structured PDEs in Economics, Ecology, and Demography: Optimal Control and Sustainability

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