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- Title
Optimal Equipment Replacement and Scrapping Under Improving Technology.
- Authors
Bitros, George C.; Hritonenko, Natali; Yatsenko, Yuri
- Abstract
The rational replacement management of hi-tech equipment is an important problem of technology management. This paper analyzes and compares two alternative policies for determining the service life and replacement demand of industrial equipment under improving technology. These policies lead to different estimates of the impact of new technology on the replacement policies and equipment service life.
- Subjects
HIGH technology; SERVICE life; RELIABILITY in engineering; INDUSTRIAL equipment; REPLACEMENT of industrial equipment; INDUSTRIAL equipment leases
- Publication
Journal of International Technology & Information Management, 2010, Vol 19, Issue 4, p75
- ISSN
1543-5962
- Publication type
Article
- DOI
10.58729/1941-6679.1094