A paradox in equipment replacement under technological improvement
نویسندگان
چکیده
It is commonly assumed that an acceleration in technological improvement should result in a more rapid introduction of new technology. Under a simple technological change model of a constant factor improvement in equipment costs per period, we show that, paradoxically, the effect is to optimally delay the introduction of new technology.
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عنوان ژورنال:
- Oper. Res. Lett.
دوره 31 شماره
صفحات -
تاریخ انتشار 2003