Analysis of the asset replacement level with an uncertain salvage value: a two-factor model

DOI10.1080/02331934.2013.836644MaRDI QIDQ3453418zbMATHOpenAlexFDO

Authors João Zambujal-Oliveira, João Duque

Publication date 27 November 2015

Published in Optimization (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/02331934.2013.836644

zbMATH Keywords

real optionssalvage valueasset replacement problem

Mathematics Subject Classification ID

Numerical methods (including Monte Carlo methods) (91G60) Applications of stochastic analysis (to PDEs, etc.) (60H30) Stochastic models in economics (91B70) Financial applications of other theories (91G80)

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Cites work

• scientific article; zbMATH DE number 3273551 (Why is no real title available?)
• Asset replacement for an urban railway using a modified two-cycle replacement model
• Modeling and Managing Uncertainty in Process Planning and Scheduling
• Operational asset replacement strategy: a real options approach
• Optimal replacement policy with stochastic maintenance and operation costs
• Repeated real options: optimal investment behaviour and a good rule of thumb
• Stationary Equilibrium in a Market for Durable Assets

Cited in

(4)

• Replacement decisions with multiple stochastic values and depreciation
• A real options approach for joint overhaul and replacement strategies with mean reverting prices
• Multiple asset replacement analysis under variable utilization and stochastic demand
• Operational asset replacement strategy: a real options approach

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