Published February 1972 | public
Working Paper

Optimal Replacement of Consumer Durables

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