Operational asset replacement strategy : a real options approach
This article analyses the problem of replacement by investigating the optimal moment of investment replacement in a given tax environment with a given depreciation policy. An operation and maintenance cost minimization model, based on the definition of equivalent annual cost, is applied to a real op...
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| Format: | workingPaper |
| Language: | eng |
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2018
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| Online Access: | http://hdl.handle.net/10400.3/4840 |
| Country: | Portugal |
| Oai: | oai:repositorio.uac.pt:10400.3/4840 |