A paradox in equipment replacement under technological improvement

被引:29
作者
Cheevaprawatdomrong, T [1 ]
Smith, RL [1 ]
机构
[1] Univ Michigan, Dept Ind & Operat Engn, Ann Arbor, MI 48109 USA
基金
美国国家科学基金会;
关键词
equipment replacement; technological change; adoption of new technology; infinite horizon optimization;
D O I
10.1016/S0167-6377(02)00153-0
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
It is commonly assumed that an acceleration in technological improvement should result in a more rapid introduction of new technology. Under a simple technological change model of a constant factor improvement in equipment costs per period, we show that, paradoxically, the effect is to optimally delay the introduction of new technology. (C) 2002 Published by Elsevier Science B.V.
引用
收藏
页码:77 / 82
页数:6
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