Modeling Optimal Replacement Decisions for Farm Machinery: Some Theoretical and Empirical Problems

Machine replacement research has concentrated on delineating and comparing present value (PV) and derived marginal analysis models. With such, one encounters problems in generating reliable estimates of new and used machine prices, repairs and opportunity costs. Some empirical problems may be surmounted by altering the traditional PV framework, but theoretical considerations require more comprehensive models.


Subject(s):
Issue Date:
1981-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/279336
Language:
English
Total Pages:
12




 Record created 2018-10-29, last modified 2020-10-28

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