THE OPTIMAL LIFETIME OF CAPITAL EQUIPMENT

被引:38
作者
VANHILTEN, O
机构
[1] Netherlands Energy Research Foundation ECN, 1755 ZP Petten
关键词
D O I
10.1016/0022-0531(91)90051-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article extends the results of Malcomson on the optimal replacement problem in vintage models. Malcomson provided numerical evidence on the fact that the optimal machine life is constant under certain conditions. In this article these conditions are made more explicit and an analytical proof of the constancy of the optimal machine life is given. © 1991.
引用
收藏
页码:449 / 454
页数:6
相关论文
共 3 条
[1]   REPLACEMENT AND RENTAL VALUE OF CAPITAL EQUIPMENT SUBJECT TO OBSOLESCENCE [J].
MALCOMSON, JM .
JOURNAL OF ECONOMIC THEORY, 1975, 10 (01) :24-41
[2]  
Smith V. L., 1961, INVESTMENT PRODUCTIO
[3]  
Terborgh G., 1949, DYNAMIC EQUIPMENT PO