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- W2096636247 abstract "Abstract Using a general model of asset replacement, a replacement principle is derived which applies to both appreciating assets such as forests and depreciating assets such as equipment. The resulting replacement criterion provides a definition of opportunity costs appropriate for the replacement decision. The theory is presented graphically for the continuous time case, and two discrete‐time examples are considered. Theoretical implications of changing discount rates and market forces are considered as they affect replacement policies." @default.
- W2096636247 created "2016-06-24" @default.
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- W2096636247 date "1972-02-01" @default.
- W2096636247 modified "2023-09-29" @default.
- W2096636247 title "Asset Replacement Principles" @default.
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- W2096636247 doi "https://doi.org/10.2307/1237734" @default.
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