An Equipment-Investment Analog

Robert B. Fetter and Thomas P. Goodman
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Robert B. Fetter: Massachusetts Institute of Technology, Cambridge, Massachusetts
Thomas P. Goodman: Massachusetts Institute of Technology, Cambridge, Massachusetts

Operations Research, 1957, vol. 5, issue 5, 657-669

Abstract: This study was instituted to explore the feasibility of solution of an economic model for equipment investment by an analog computer. The relevance of various models to the equipment-replacement model is discussed and the equivalence of these shown. An analog is constructed and computations made for a wide range of system parameters. The sensitivity of the decision to changes in the values of the factors considered is analyzed and conclusions drawn.

Date: 1957
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:5:y:1957:i:5:p:657-669

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