Optimal Replacement Policy.

Published by Chicago: Rand McNally/ Amsterdam: North-Holland, 1967., 1967

  • First Edition
  • Hardcover
  • Used
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Seller: Ted Kottler, Bookseller, Redondo Beach, CA, U.S.A.Ted Kottler, Bookseller

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AbeBooks seller since January 5, 2002

Hardcover

Condition: Used - Near fine

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Item description from seller

xii, 225, [1=ads] pp; 37 figs.; 10 tables. Original cloth. Near Fine, in near fine dust jacket. Studies in Mathematical and Managerial Economics, Vol. 8. 'As far as cost is concerned, Morse once proposed a cost minimization maintenance model assuming an infinite time horizon. However, Jorgenson, McCall and Radner later had shown that this type of model is only effective when the failure rate is increasing' (Winco K. C. Yung, 'A Cost-effective Maintenance Model for Railway Transport', (1994-95 Annual lssue of IIE (HK)). 'In these models, equipment that is initially 'good' at installation can 'fail' at any time, and the current state of equipmentgood or failedis uncertain unless and until the equipment is inspected. These preparedness (or inspection) models include work by Radner and Jorgenson (1962) and Jorgenson, McCall, and Radner (1967)' (Mark A. Prell, U.S. Department of Agriculture, Economic Research Service, 'Certification Duration For Food Assistance Programs: An Economic Model With An A pplication to WIC', National Poverty Center Gerald R. Ford School of Public Policy, University of Michigan Web site).…

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Bibliographic details

Title
Optimal Replacement Policy.
Author
JORGENSON, D. [Dale] W.; McCALL, J. J. & R. [Roy] RADNER:
Publisher
Chicago: Rand McNally/ Amsterdam: North-Holland, 1967.
Publication year
1967
Condition
Near Fine
Dust jacket
Near Fine
Binding
Hardcover
Edition
1st Edition

Ted Kottler, Bookseller

Redondo Beach, CA, U.S.A.

3-star seller

AbeBooks seller since January 5, 2002

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I specialize in modern books on economics, science and philosophy, with an additional emphasis on scholarly books of all kinds.

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Neurology/Psychology, Medicine, Biology, Physical Sciences, Art History: Antiquity through the Renaissance, Economics, Philosophy & Religion: Antiquity through the Renaissance, History of Mathematics, History of Science, History of Medicine

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Ted Kottler, Bookseller

CA, U.S.A.