THE OPTIMAL LIFETIME OF ASSETS UNDER UNCERTAINTY IN THE RATE OF EMBODIED TECHNICAL CHANGE

DOI10.1111/J.1467-999X.2008.00298.XMaRDI QIDQ5459932zbMATH OpenOpenAlexFDO

Authors George C. Bitros

Publication date 30 April 2008

Published in Metroeconomica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/j.1467-999x.2008.00298.x

Mathematics Subject Classification ID

Recommendations

• The dynamics of asset lifetime under technological change
• Optimal obsolescence
• Two-cycle optimization in replacement models with non-exponential technological improvement
• Infinite horizon optimality criteria for equipment replacement under technological change
• Optimal equipment replacement without paradoxes: A continuous analysis

Cites work

• Optimal Maintenance and Sale Age for a Machine Subject to Failure
• Two Remarks on Blackwell's Theorem

Cited in

(2)

• An Extended Asset Replacement Model: Impacts of Taxation, Inflation and Technological Advancement on Optimal Asset Duration
• The dynamics of asset lifetime under technological change

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