A mixed integer nonlinear programming model for the optimal repair–replacement in the firm
Author
Abstract
Suggested Citation
DOI: 10.1016/j.mathsocsci.2013.07.006
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Rust, John, 1987. "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher," Econometrica, Econometric Society, vol. 55(5), pages 999-1033, September.
- Malcomson, James M., 1975. "Replacement and the rental value of capital equipment subject to obsolescence," Journal of Economic Theory, Elsevier, vol. 10(1), pages 24-41, February.
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1997.
"Replacement Echoes in the Vintage Capital Growth Model,"
Journal of Economic Theory, Elsevier, vol. 74(2), pages 333-348, June.
- Raouf Boucekkine & Marc Germain & Omar Licandro, "undated". "Replacement echoes in the vintage capital growth model," Working Papers 96-16, FEDEA.
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1996. "Replacement echoes in the vintage capital growth model," UC3M Working papers. Economics 4096, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Boucekkine, R. & Germain, M. & Licandro, O., 1997. "Replacement echoes in the vintage capital growth model," LIDAM Reprints CORE 1275, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- HRITONENKO, Natali & YATSENKO, Yuri, 2009. "Integral equation of optimal replacement: analysis and algorithms," LIDAM Reprints CORE 2149, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar & Magnus, Alphonse, 1998.
"Creative Destruction, Investment Volatility, and the Average Age of Capital,"
Journal of Economic Growth, Springer, vol. 3(4), pages 361-384, December.
- R. Boucekkine & M. Germain & O. Licandro & A. Magnus, "undated". "Creative destruction, investment volatility, and the average age of capital," Working Papers 97-08, FEDEA.
- BOUCEKKINE, Raouf & GERMAIN, Marc & LICANDRO, Omar & MAGNUS, Alphonse, 1998. "Creative destruction, investment volatility, and the average age of capital," LIDAM Reprints CORE 1376, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 1999.
"Endogenous vs Exogenously Driven Fluctuations in Vintage Capital Models,"
Journal of Economic Theory, Elsevier, vol. 88(1), pages 161-187, September.
- Raouf Boucekkine & Fernando del Río & Omar Licandro, "undated". "Endogenous vs Exogenously Driven Fluctuations in Vintage Capital Models," Working Papers 98-19, FEDEA.
- Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 1999. "Endogenous vs Exogenously Driven Fluctuations in Vintage Capital Models," LIDAM Discussion Papers IRES 1999007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Boucekkine, Raouf & Del Rio, Fernando & Licandro, Omar, 1999. "Endogenous vs exogenously driven fluctuations in vintage capital models," CEPREMAP Working Papers (Couverture Orange) 9901, CEPREMAP.
- Benhabib, Jess & Rustichini, Aldo, 1991.
"Vintage capital, investment, and growth,"
Journal of Economic Theory, Elsevier, vol. 55(2), pages 323-339, December.
- Jess Benhabib & Aldo Rustichini, 1990. "Vintage Capital, Investment and Growth," Discussion Papers 886, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Benhabib, Jess & Rustichini, Aldo, 1990. "Vintage Capital, Investment And Growth," Working Papers 90-22, C.V. Starr Center for Applied Economics, New York University.
- Raouf Boucekkine & Fernando del Río & Blanca Martínez, 2009.
"Technological progress, obsolescence, and depreciation,"
Oxford Economic Papers, Oxford University Press, vol. 61(3), pages 440-466, July.
- BOUCEKKINE, Raouf & DEL RIO, Fernando & MARTINEZ, Blanca, 2006. "Technological progress obsolescence and depreciation," LIDAM Discussion Papers CORE 2006027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- BOUCEKKINE, Raouf & DEL RIO, Fernando & MARTINEZ, Blanca, 2009. "Technological progress, obsolescence, and depreciation," LIDAM Reprints CORE 2116, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Raouf, BOUCEKKINE & Fernando, DEL RIO & Blanca, MARTINEZ, 2006. "Technological Progress, Obsolescence and Depreciation," Discussion Papers (ECON - Département des Sciences Economiques) 2006015, Université catholique de Louvain, Département des Sciences Economiques.
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar & Magnus, Alphonse, 2001.
"Numerical solution by iterative methods of a class of vintage capital models,"
Journal of Economic Dynamics and Control, Elsevier, vol. 25(5), pages 655-669, May.
- Raouf Boucekkine & Marc Germain & Omar Licandro & Alphonse Magnus, "undated". "Numerical solution by iterative methods of a class on vintage capital models," Working Papers 97-26, FEDEA.
- Raouf Boucekkine & Marc Germain & Omar Licandro & Alphonse Magnus, "undated". "Numerical solution by iterative methods of a class of vintage capital models," Working Papers 98-20, FEDEA.
- Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 1997.
"Long-Run Implications of Investment-Specific Technological Change,"
American Economic Review, American Economic Association, vol. 87(3), pages 342-362, June.
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1995. "Long-Run Implications of Investment-Specific Technological Change," University of Western Ontario, Departmental Research Report Series 9510, University of Western Ontario, Department of Economics.
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1996. "Long-Run Implications of Investment-Specific Technological Change," RCER Working Papers 420, University of Rochester - Center for Economic Research (RCER).
- Goetz, Renan-Ulrich & Hritonenko, Natali & Yatsenko, Yuri, 2008. "The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning," Journal of Economic Dynamics and Control, Elsevier, vol. 32(9), pages 3032-3053, September.
- Ellen R. McGrattan & James A. Schmitz, 1999. "Maintenance and repair: too big to ignore," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 23(Fall), pages 2-13.
- Makis, Viliam & Jardine, Andrew K. S., 1993. "A note on optimal replacement policy under general repair," European Journal of Operational Research, Elsevier, vol. 69(1), pages 75-82, August.
- Robert M. Solow, 1962. "Substitution and Fixed Proportions in the Theory of Capital," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(3), pages 207-218.
- Cagri Saglam & Vladimir M. Veliov, 2008. "Role of Endogenous Vintage Specific Depreciation in the Optimal Behavior of Firms," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(3), pages 381-410, September.
- E. Sheshinski, 1967. "Balanced Growth and Stability in the Johansen Vintage Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(2), pages 239-248.
- repec:cor:louvrp:-2149 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Yatsenko, Yuri & Hritonenko, Natali, 2020. "Optimal asset replacement: Profit maximization under varying technology," International Journal of Production Economics, Elsevier, vol. 228(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- George Bitros, 2010. "The theorem of proportionality in contemporary capital theory: An assessment of its conceptual foundations," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(4), pages 367-401, December.
- Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2006.
"Anticipation effects of technological progress on capital accumulation: a vintage capital approach,"
Journal of Economic Theory, Elsevier, vol. 126(1), pages 143-164, January.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V.M., 2006. "Anticipation effects of technological progress on capital accumulation : A vintage capital approach," Other publications TiSEM 9a8debb0-5030-46fa-b89e-b, Tilburg University, School of Economics and Management.
- Kredler, Matthias, 2014. "Vintage human capital and learning curves," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 154-178.
- Raouf Boucekkine & David De la Croix & Omar Licandro, 2011.
"Vintage Capital Growth Theory: Three Breakthroughs,"
Working Papers
565, Barcelona School of Economics.
- Raouf Boucekkine & David de la Croix & Omar Licandro, 2011. "Vintage capital growth theory: Three breakthroughs," UFAE and IAE Working Papers 875.11, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Raouf Boucekkine & David de La Croix & Omar Licandro, 2011. "Vintage capital theory: Three breakthroughs," Working Papers halshs-00599074, HAL.
- Raouf Boucekkine & David Croix & Omar Licandro, 2004.
"MODELLING VINTAGE STRUCTURES WITH DDEs: PRINCIPLES AND APPLICATIONS,"
Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 151-179.
- Raouf Boucekkine & David de la Croix & Omar Licandro, "undated". "Modelling vintage structures with DDEs: Principles and applications," Working Papers 2004-07, FEDEA.
- Raouf BOUCEKKINE & David DE LA CROIX & Omar LICANDRO, 2004. "Modelling vintage structures with DDEs: principles and applications," Economics Working Papers ECO2004/06, European University Institute.
- BOUCEKKINE, Raouf & DE LA CROIX, David & LICANDRO, Omar, 2004. "Modelling vintage structures with DDEs: principles and applications," LIDAM Reprints CORE 1758, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- BOUCEKKINE, RAOUF & de la CROIX, David & LICANDRO, Omar, 2004. "Modelling vintage structures with DDEs : principles and applications," LIDAM Discussion Papers CORE 2004047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Raouf, BOUCEKKINE & David de la Croix & Omar Lidandro, 2004. "Modelling vintage structures with DDEs : principles and applications," LIDAM Discussion Papers IRES 2004004, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Gamboa, Franklin & Maldonado, Wilfredo Leiva, 2014.
"Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model,"
Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 40-45.
- Franklin Gamboa & Wilfredo L. Maldonado, 2013. "Feasibility and Optimality of the Initial Capital Stock in the Ramsey Vintage Capital Model," CAMA Working Papers 2013-38, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Cagri Saglam & Vladimir M. Veliov, 2008. "Role of Endogenous Vintage Specific Depreciation in the Optimal Behavior of Firms," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(3), pages 381-410, September.
- Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2008. "Financially constrained capital investments: The effects of disembodied and embodied technological progress," Journal of Mathematical Economics, Elsevier, vol. 44(5-6), pages 459-483, April.
- Bitros, George C., 2009. "The Theorem of Proportionality in Mainstream Capital Theory: An Assessment of its Conceptual Foundations," MPRA Paper 17436, University Library of Munich, Germany.
- Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2006. "Capital accumulation under technological progress and learning: A vintage capital approach," European Journal of Operational Research, Elsevier, vol. 172(1), pages 293-310, July.
- Simon Gilchrist & John C. Williams, 2000.
"Putty-Clay and Investment: A Business Cycle Analysis,"
Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 928-960, October.
- Simon Gilchrist & John C. Williams, 1998. "Putty-clay and investment: a business cycle analysis," Finance and Economics Discussion Series 1998-30, Board of Governors of the Federal Reserve System (U.S.).
- Simon Gilchrist & John C. Williams, 1998. "Putty-Clay and Investment: A Business Cycle Analysis," NBER Working Papers 6812, National Bureau of Economic Research, Inc.
- Raouf Boucekkine & Fernando del Río & Omar Licandro, "undated".
"The importance of the embodied question revisited,"
Working Papers
99-13, FEDEA.
- Boucekkine, Raouf & Del Rio, Fernando & Licandro, Omar, 2000. "The importance of the embodied question revisited," CEPREMAP Working Papers (Couverture Orange) 0001, CEPREMAP.
- Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 1999. "The Importance of the Embodied Question Revisited," LIDAM Discussion Papers IRES 1999026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Takeshi Kobayashi & Masaya Sakuragawa, 2008. "Boom and Bust Cycle of the Stock Market, and Economic Growth in a Vintage Capital Model," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(3), pages 411-432, September.
- Faggian, Silvia & Gozzi, Fausto & Kort, Peter M., 2021.
"Optimal investment with vintage capital: Equilibrium distributions,"
Journal of Mathematical Economics, Elsevier, vol. 96(C).
- Silvia Faggian & Fausto Gozzo & Peter M. Kort, 2019. "Optimal investment with vintage capital: equilibrium distributions," Working Papers 2019: 12, Department of Economics, University of Venice "Ca' Foscari".
- Raouf BOUCEKKINE & Aude POMMERET, 2000. "Optimal Capital Accumulation, Energy Cost and the Nature of Technological Progress," LIDAM Discussion Papers IRES 2001023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2005.
"Environmental policy, the porter hypothesis and the composition of capital: Effects of learning and technological progress,"
Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 434-446, September.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2003. "Environmental Policy, the Porter Hypothesis and the Composition of Capital : Effects of Learning and Technological Progress," Discussion Paper 2003-61, Tilburg University, Center for Economic Research.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2005. "Environmental policy, the Porter hypothesis and the composition of capital : Effects of learning and technological progress," Other publications TiSEM d50730bb-82e1-47a0-9836-c, Tilburg University, School of Economics and Management.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2003. "Environmental Policy, the Porter Hypothesis and the Composition of Capital : Effects of Learning and Technological Progress," Other publications TiSEM 268a60d7-3d1c-42eb-85cb-b, Tilburg University, School of Economics and Management.
- Boucekkine, Raouf & Hritonenko, Natali & Yatsenko, Yuri, 2011.
"Scarcity, regulation and endogenous technical progress,"
Journal of Mathematical Economics, Elsevier, vol. 47(2), pages 186-199, March.
- Raouf BOUCEKKINE & Natali HRITONENKO & Yuri YATSENKO, 2010. "Scarcity, regulation and endogenous technical progress," LIDAM Discussion Papers IRES 2010010, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- BOUCEKKINE, Raouf & HRITONENKO, Natali & YATSENKO, Yuri, 2011. "Scarcity, regulation and endogenous technical progress," LIDAM Reprints CORE 2334, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Yatsenko, Yuri & Hritonenko, Natali, 2020. "Optimal asset replacement: Profit maximization under varying technology," International Journal of Production Economics, Elsevier, vol. 228(C).
- Steinbuks, Jevgenijs & Neuhoff, Karsten, 2014.
"Assessing energy price induced improvements in efficiency of capital in OECD manufacturing industries,"
Journal of Environmental Economics and Management, Elsevier, vol. 68(2), pages 340-356.
- Steinbuks, Jevgenijs & Neuhoff, Karsten, 2014. "Assessing energy price induced improvements in efficiency of capital in OECD manufacturing industries," Policy Research Working Paper Series 6929, The World Bank.
- Ulrich Brandt-Pollmann & Ralph Winkler & Sebastian Sager & Ulf Moslener & Johannes Schlöder, 2008.
"Numerical Solution of Optimal Control Problems with Constant Control Delays,"
Computational Economics, Springer;Society for Computational Economics, vol. 31(2), pages 181-206, March.
- Ulrich Brandt-Pollmann & Ralph Winkler & Sebastian Sager & Ulf Moslener & Johannes P. Schlöder, 2006. "Numerical solution of optimal control problems with constant control delays," CER-ETH Economics working paper series 06/59, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:matsoc:v:66:y:2013:i:3:p:366-371. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505565 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.