Economic Replacement Policy

Armen Albert Alchian

ResearchPublished 1958

An abreviated version of R-224, Economic Replacemant Policy (out of print), which presents a practical guide for equipment replacement based on the comparison of present-value costs. The present study cntains the general economic principles and illustrative problem. However, those sections devoted to computational methods in R-224 are omitted because of the development, within the past five years, of the superior method of computation known as dynamic programming.

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Document Details

  • Copyright: RAND Corporation
  • Availability: Web-Only
  • Year: 1958
  • Paperback Pages: 32
  • Document Number: RM-2153

Citation

RAND Style Manual
Alchian, Armen Albert, Economic Replacement Policy, RAND Corporation, RM-2153, 1958. As of September 24, 2024: https://www.rand.org/pubs/research_memoranda/RM2153.html
Chicago Manual of Style
Alchian, Armen Albert, Economic Replacement Policy. Santa Monica, CA: RAND Corporation, 1958. https://www.rand.org/pubs/research_memoranda/RM2153.html.
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