Replacement decisions with multiple stochastic values and depreciation

DOI10.1016/J.EJOR.2016.07.006MaRDI QIDQ1752783zbMATH OpenOpenAlexFDO

Authors Roger Adkins, Dean Paxson

Publication date 24 May 2018

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10454/11543

zbMATH Keywords

replacementstochastic operating cost and salvage valuetax depreciation

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Reliability, availability, maintenance, inspection in operations research (90B25) Management decision making, including multiple objectives (90B50) Production theory, theory of the firm (91B38) Economic growth models (91B62)

Recommendations

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• scientific article; zbMATH DE number 8819

Cites work

• A risk management system for sustainable fleet replacement
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• Conditional investment policy under uncertainty and irreversibility
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• Last time buy decisions for products sold under warranty
• Maintenance models in warranty: a literature review
• Operational asset replacement strategy: a real options approach
• Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher
• Optimal replacement policy with stochastic maintenance and operation costs
• Optimal tax depreciation with loss carry-forward and backward options
• Practices of preventive maintenance and replacement for engines: A case study
• Tax Depreciation Policy and Investment Theory
• The effect of tax depreciation on the stochastic replacement policy
• When is it better to wait for a new version? Optimal replacement of an emerging technology under uncertainty

Cited in

(15)

• Strategic capital budgeting: Asset replacement under market uncertainty
• Distance and matching-induced search algorithm for the multi-level lot-sizing problem with substitutable bill of materials
• Rescaling-contraction with a lower cost technology when revenue declines
• Multiple asset replacement analysis under variable utilization and stochastic demand
• Agency problems in public-private partnerships investment projects
• Leaving well-worn paths: reversal of the investment-uncertainty relationship and flexible biogas plant operation
• Valuing portfolios of interdependent real options under exogenous and endogenous uncertainties
• Capital renewal as a real option
• The effect of tax depreciation on the stochastic replacement policy
• Production processes with different levels of risk: addressing the replacement option
• Analysis of the asset replacement level with an uncertain salvage value: a two-factor model
• Operational asset replacement strategy: a real options approach
• A value-at-risk approach to optimisation of warranty policy
• Switching from oil to gas production in a depleting field
• Stable economic depreciation

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