Setting the optimal type of equipment to be adopted and the optimal time to replace it

Albici, Mihaela (2009): Setting the optimal type of equipment to be adopted and the optimal time to replace it.

Abstract

The mathematical models of equipment’s wear and tear, and replacement theory aim at deciding on the purchase selection of a certain equipment type, the optimal exploitation time of the equipment, the time and ways to replace or repair it, or to ensure its spare parts, the equipment’s performance in the technical progress context, the opportunities to modernize it etc.

• Item Type: MPRA Paper
• Language: English
• Keywords: Equipment, optimal type, optimal time
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M11 - Production Management; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology

References

Badea F. (1998) Industrial Production Management, All Educational S.A. Publishing House, Bucharest

Bărbulescu C. (1997) Industrial Production Management, vol.II, Sylvi Publishing House, Bucharest

Popescu O. coordinator (1993) Economics Applied Mathematics, Didactic and Pedagogical Publishing House, R.A. Bucharest.

Purcaru I., Berbec F., Sorin D. (1996) Financial Mathematics & Business Decisions, Economic Publishing House.

Văduva I. Dinescu C., Săvulescu B. (1974) Mathematical Models of Production Organization and Management, vol. I and II, Didactic and Pedagogical Publishing House, R.A. Bucharest.