Menachem Berg. A marginal cost analysis for preventive replacement policies. European Journal of Operational Research, 4:136--142, 1980.  Home/Search   Document Not in Database   Summary   Related Articles

....total discounted costs can be written as C ff = R 1 0 ff t c(t) dF (t) 1 Gamma R 1 0 ff t dF (t) Gamma R 1 0 ff t c(t) dF (t) log(ff) R 1 0 ff t F (t) dt ; where F (t) 1 Gamma F (t) and 0 ff 1 is the discount factor. This result generalizes the work of Berg [1] and Fox [7] who studied age and block replacement policies with discounting. 4.4 Equivalent average costs To determine the relation between the notions of average and discounted costs, we construct a new infinite stream of identical costs with the same present discounted value as the discounted ....

Menachem Berg. A marginal cost analysis for preventive replacement policies. European Journal of Operational Research, 4:136--142, 1980.

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