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Selected Works of Natali Hritonenko
Article
Optimal equipment replacement without paradoxes: A continuous analysis
Mathematics Faculty Publications
  • Natali Hritonenko, Prairie View A&M University
  • Yuri Yatsenko, Houston Baptist University
Document Type
Article
Publication Date
3-1-2007
Abstract

Combining known continuous- and discrete-time models of equipment replacement, we show that the optimal equipment lifetime is shorter when the embodied technological change is more intense. The paper has been inspired by a paradox in the equipment replacement raised by Cheevaprawatdomrong and Smith in Oper. Res. Lett. 31 (2003). © 2007 Elsevier B.V. All rights reserved.

Citation Information
Natali Hritonenko and Yuri Yatsenko. "Optimal equipment replacement without paradoxes: A continuous analysis" (2007)
Available at: http://works.bepress.com/natali-hritonenko/45/