Planned Replacement on a Budget.

S. James Press

Expert InsightsPublished 1964

A study of the question of frequency of planned replacement of equipment under a budgetary constraint. The Paper develops a probabilistic criterion and directs attention to those situations in which average system cost is not as important as staying within a fixed budget. Only nonsequential policies are examined, although the notions are extensible to the more general case.

Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1964
  • Pages: 13
  • Document Number: P-2965

Citation

Chicago Manual of Style

Press, S. James, Planned Replacement on a Budget. Santa Monica, CA: RAND Corporation, 1964. https://www.rand.org/pubs/papers/P2965.html.
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