Equiptment Replacement Under Technological Change
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Equipment Replacement Under Continuous And Discontinuous Technological Change
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Author : Jennifer Lynn Rogers
language : en
Publisher:
Release Date : 2005
Equipment Replacement Under Continuous And Discontinuous Technological Change written by Jennifer Lynn Rogers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Replacement of industrial equipment categories.
Technological change is a major motivation for equipment replacement. Most models in the literature assume that technology improves either continuously according to some known function, or that a single breakthrough will arrive at some uncertain (or certain) time. We argue that many assets undergo two types of technological advancement: both discontinuous and continuous technological change. Discontinuous technological change is represented by jumps in improvement with each new vintage arrival, and continuous technological change is represented by incremental improvement with each release of the same vintage. In our research, we consider different ways to represent the breakthroughs in technology: fixed intervals, forecasted arrival times, and uncertain arrival times. We provide and solve dynamic programming formulations developed from the traditional equipment replacement models by Bellman and Wagner. In general, we find that economic lifetimes are shorter when including both types of technological change in the analysis.
Optimal Policies For Equipment Replacement With Stochastic Technological Change
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Author : Robert A. Meyer
language : en
Publisher:
Release Date : 1968
Optimal Policies For Equipment Replacement With Stochastic Technological Change written by Robert A. Meyer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Replacement of industrial equipment categories.
Equiptment Replacement Under Technological Change
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Author : James C. Bean, Robert L. Smith
language : en
Publisher:
Release Date : 1993
Equiptment Replacement Under Technological Change written by James C. Bean, Robert L. Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Equipment Replacement Under Technological Change
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Author : James C. Bean
language : en
Publisher:
Release Date : 1992
Equipment Replacement Under Technological Change written by James C. Bean and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Trucks categories.
Optimal Equipment Replacement Policies With Technological Changes
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Author : Yu-Ku Li
language : en
Publisher:
Release Date : 1968
Optimal Equipment Replacement Policies With Technological Changes written by Yu-Ku Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with categories.
Technological Change In The Production Process
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Author : Marcie Jadine Tyre
language : en
Publisher: Forgotten Books
Release Date : 2017-06-15
Technological Change In The Production Process written by Marcie Jadine Tyre and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-15 with Business & Economics categories.
Excerpt from Technological Change in the Production Process: Organizational Implications and Responses; Wp#3050-89-Bps; July 1989 The introduction of new process technologies can cause significant disruption to ongoing Operations. This paper examines the sources of such disruption and attempts to identify organizational response mechanisms effective in countering them. To better understand the nature of organizational tasks involved, two distinct characteristics of technological change technical complexity and systemic shift are identified. Results from a study of 48 new process introduction projects suggest that these characteristics are associated with the duration of disruption experienced. Traditional economic measures of project scope are shown to be relatively poor indicators of disruptive potential. Further, the organization's response to the introduction, both before and after physical installation of the new equipment, is an important determinant of project success in terms of both disrup tion experienced and operating gains achieved. However, evidence is presented to indicate that different kinds of technological changes may require different patterns of organizational response. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Investment Replacement And Scrapping In A Vintage Capital Model With Embodied Technological Change
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Author : Georgios (George) C. Bitros
language : en
Publisher:
Release Date : 2007
Investment Replacement And Scrapping In A Vintage Capital Model With Embodied Technological Change written by Georgios (George) C. Bitros and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
This paper analyzes and compares two alternative policies of determining the service life and replacement demand for vintage equipment under embodied technological change. The policies are the infinite-horizon replacement and the transitory replacement ending with scrapping. The corresponding vintage capital models are formulated in the dynamic optimization framework. These two approaches lead to different estimates of the duration of replacements and the impact of technological change on the equipment service life.
Applied Mathematical Modelling Of Engineering Problems
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Author : N.V. Hritonenko
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Applied Mathematical Modelling Of Engineering Problems written by N.V. Hritonenko and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Mathematics categories.
The subject of the book is the "know-how" of applied mathematical modelling: how to construct specific models and adjust them to a new engineering environment or more precise realistic assumptions; how to analyze models for the purpose of investigating real life phenomena; and how the models can extend our knowledge about a specific engineering process. Two major sources of the book are the stock of classic models and the authors' wide experience in the field. The book provides a theoretical background to guide the development of practical models and their investigation. It considers general modelling techniques, explains basic underlying physical laws and shows how to transform them into a set of mathematical equations. The emphasis is placed on common features of the modelling process in various applications as well as on complications and generalizations of models. The book covers a variety of applications: mechanical, acoustical, physical and electrical, water transportation and contamination processes; bioengineering and population control; production systems and technical equipment renovation. Mathematical tools include partial and ordinary differential equations, difference and integral equations, the calculus of variations, optimal control, bifurcation methods, and related subjects.
A Study Of Equipment Replacement Policies
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Author : Ramesh Tarachand Thadani
language : en
Publisher:
Release Date : 1968
A Study Of Equipment Replacement Policies written by Ramesh Tarachand Thadani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Replacement of industrial equipment categories.
Critical Fixities Under Continuous Technological Change
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Author : Ming-Je Tang
language : en
Publisher: Forgotten Books
Release Date : 2018-01-24
Critical Fixities Under Continuous Technological Change written by Ming-Je Tang and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-24 with Business & Economics categories.
Excerpt from Critical Fixities Under Continuous Technological Change: Some Strategic Implications If the firm delays its replacement till T, its average cost of using the new equipment will be te. Let this piece of equipment last till time T. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.