| Article ID: | iaor20081653 |
| Country: | Netherlands |
| Volume: | 35 |
| Issue: | 2 |
| Start Page Number: | 245 |
| End Page Number: | 250 |
| Publication Date: | Mar 2007 |
| Journal: | Operations Research Letters |
| Authors: | Yatsenko Yuri, Hritonenko Natali |
| Keywords: | equipment |
Combining known continuous- and discrete-time models of equipment replacement, we show that the optimal equipment lifetime is shorter when the embodied technological change is more intense. The paper has been inspired by a paradox in the equipment replacement raised by Cheevaprawatdomrong and Smith.