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Time-Valued-Technology: A Light-Emitting Diode Case Study For Determining Replacement Strategy For High Technology Infrastructure Items, Kevin S. Ochs
Time-Valued-Technology: A Light-Emitting Diode Case Study For Determining Replacement Strategy For High Technology Infrastructure Items, Kevin S. Ochs
Theses and Dissertations
Infrastructure projects have typically involved long-term investments in relatively mature technologies characterized by stable performance and cost. However, with the ever-increasing rate of technological innovation, an increasing number of potential infrastructure investments involve a decision to replace a traditional technology with a rapidly evolving technology. In such circumstances, it is possible to reap significant performance or cost advantages through near-term replacement. However, this rapid adoption strategy has the potential to incur an opportunity cost due to increased performance or cost advantages the technology would provide if replacement was delayed. This research develops a cost analysis method, referred to as time-valued-technology, …