Equipment Replacement in an Unsteady Economy
作者:
ChristerA. H.,
GoodbodyW.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1980)
卷期:
Volume 31,
issue 6
页码: 497-506
ISSN:0160-5682
年代: 1980
DOI:10.1057/jors.1980.93
出版商: Taylor&Francis
数据来源: Taylor
摘要:
AbstractThe decision problem concerning the replacement of members of a fleet of fork lift trucks during a period of inflation and economic uncertainty is considered. Based upon the analysis of data collected over a 2 year period of considerable inflation, a model of the expected operating costs for a truck is developed. The usual replacement criteria are not applicable here and an alternative criterion function based upon relatively short term estimates of costs and discount rate is presented. Using this function, the replacement decision is determined for both constant and variable discount rate situations.
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