Plant Modernization under Conditions of Competition and Technological Improvement.

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

ResearchPublished 1963

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.

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Kalaba, Robert E., A. I. Kent, and M. C. Prestrud, Plant Modernization under Conditions of Competition and Technological Improvement. Santa Monica, CA: RAND Corporation, 1963. https://www.rand.org/pubs/research_memoranda/RM3551.html.
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