Published February 1972 | public
Working Paper

Optimal Replacement of Consumer Durables

An error occurred while generating the citation.

Abstract

Introduction. The problem of determining the optimal procedure for the replacement of capital or military equipment has been a constant concern of industrial firms and military organizations. Numerous studies have been made in the field from early days.

Additional Information

This paper was originally part of a Ph.D. dissertation written under Professor James P. Quirk. I am deeply indebted to him for his valuable criticism and numerous suggestions. All errors are my own.

Additional details

Created:
August 19, 2023
Modified:
February 2, 2025