Equivalent Real Annual Costs: Evaluating Investment Alternatives with Unequal Lives Under
作者:
ScottL. Lummer,
期刊:
The Engineering Economist
(Taylor Available online 1986)
卷期:
Volume 31,
issue 4
页码: 317-326
ISSN:0013-791X
年代: 1986
DOI:10.1080/00137918608902947
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
This paper provides a criterion that can be applied to evaluate mutually exclusive investment options with different economic lives in an inflationary environment. This criterion - denoted as the equivalent real annual cost procedure - is more computationally efficient thatn the alternative "replacement chain" approach. Moreover, the equivalent real annual cost method is remarkably similar in its calculations and in its intuitive appeal to the well known equivalent annual cost method.
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