A METHODOLOGY FOR DURABLE ASSET REPLACEMENT DECISIONMAKING

Durable asset replacement theory typically assumes (1) a constant conversion rate between the stock of the asset and its flow of services and (2) perfectly substitutable services from either asset. A methodology is presented which relaxes both assumptions. The variable usage rate for the asset becomes an important determinant of replacement.


Issue Date:
1978-08
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/283633
Language:
English
Total Pages:
13




 Record created 2019-02-13, last modified 2020-10-28

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