ECONOMIC REPLACEMENT POLICY. AN ABBREVIATED VERSION OF R-224.

Abstract

Contents: Chapter 1, Introduction. Chapter 2, Elements of the replacement problem: Costs, Service streams, Computational procedure, Electronic computer solutions, Limited period of service, Discrete changes. Chapter 3, Mathematical formulation: Notation in mathematical formulation, Exponential approximation -- computational methods, Limited period of service, Nonanalytic functional forms. Chapter 6, Some issues common to all applications: Service valuation, What rate of interest, Effect of uncertainty of forecasts, Related investment decisions, Applicability to air force equipment.

Document Details

Document Type
Technical Report
Publication Date
Apr 09, 1958
Accession Number
AD0627202

Entities

People

  • Armen Alchian

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Air Force
  • Air Force Equipment
  • Computational Science
  • Computers
  • Investments
  • Military Equipment
  • Notation
  • Uncertainty

Readers

  • Finite Element Method (FEM) for solving Partial Differential Equations (PDEs)
  • Logistics and Supply Chain Management.
  • Mathematical Modeling and Probability Theory.

Technology Areas

  • Microelectronics