Optimal Equipment Replacement and Scrapping Under Improving Technology

Authors

George C. Bitros, Athens University of Economics and Business
Natali Hritonenko, Prairie View A&M University
Yuri Yatsenko, Houston Baptist University

Document Type

Article

Abstract

The rational replacement management of hi-tech equipment is an important problem of technology management. This paper analyzes and compares two alternative policies for determining the service life and replacement demand of industrial equipment under improving technology. These policies lead to different estimates of the impact of new technology on the replacement policies and equipment service life.

Recommended Citation

Bitros, George C.; Hritonenko, Natali; and Yatsenko, Yuri (2010) "Optimal Equipment Replacement and Scrapping Under Improving Technology," Journal of International Technology and Information Management: Vol. 19: Iss. 4, Article 5.
DOI: https://doi.org/10.58729/1941-6679.1094
Available at: https://scholarworks.lib.csusb.edu/jitim/vol19/iss4/5