Physical Sciences and Mathematics Commons^™

Replacement Strategies For Ageing Assets With Specific Reference To Coconut Plams In Kerala., Chandan Mukherjee Dr.

Doctoral Theses

Produotion assets which deteriorate in performance with time (or age) are required to be replaced. In general, a stream of benefits and costa are associated with every productive asset, be it a machine or a tree. Ugually, in replacement theory, the benefits and costs are taken as given functions of the age of the asset. These functions provide the oriteria for identifying the pÅ‚ysical condition of the asset. In simple replacement models, an asset is replaced by an ider tical one. The objective of a replacement policy is to find a sequence of time pointe (or alternatively, replacement ages) for …