EQUIPMENT REPLACEMENT UNDER TECHNOLOGICAL CHANGE. TECHNICAL REPORT

For infinite horizon replacement economy problems it is common practice to truncate the problem at some finite horizon. The authors develop bounds on the error due to such a truncation. These bounds differ from previous results in that they include both revenues and costs. Bounds are illustrated through a numerical example from a real case in vehicle replacement.

• Corporate Authors:

  University of Michigan Transportation Research Institute

  Great Lakes Center for Truck Transportation Research, 2901 Baxter Road
  Ann Arbor, MI  United States  48109-2150
• Authors:
  • Bean, J C
  • Lohmann, J R
• Publication Date: 1992-6

Language

• English

Media Info

• Features: Figures; References; Tables;
• Pagination: 16 p.

Subject/Index Terms

• TRT Terms: Case studies; Costs; Economics; Equipment replacement; Revenues; Trucking; Vehicle maintenance
• Uncontrolled Terms: Vehicle replacement
• Old TRIS Terms: Infinite horizon
• Subject Areas: Administration and Management; Economics; Finance; Freight Transportation; Highways; Maintenance and Preservation; Motor Carriers; I10: Economics and Administration;

Filing Info

• Accession Number: 00628903
• Record Type: Publication
• Report/Paper Numbers: GLCTTR 02-92/3
• Files: TRIS
• Created Date: Apr 23 1993 12:00AM