Plant Modernization under Conditions of Competition and Technological Improvement.

by Robert E. Kalaba, A. I. Kent, M. C. Prestrud

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The presentation of a mathematical model of plant modernization. Particular attention is paid to the impact of technological change and the possible actions of competitors. A FORTRAN program is given for the resolution of the basic equations, and the results of some numerical experiments are presented.

This report is part of the RAND Corporation Research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

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