Analysis of the asset replacement level with an uncertain salvage value: a two-factor model

DOI10.1080/02331934.2013.836644zbMath1342.60110OpenAlexW2001365261MaRDI QIDQ3453418

João Zambujal-Oliveira, João Duque

Publication date: 27 November 2015

Published in: Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/02331934.2013.836644

zbMATH Keywords

real optionssalvage valueasset replacement problem

Mathematics Subject Classification ID

Numerical methods (including Monte Carlo methods) (91G60) Stochastic models in economics (91B70) Applications of stochastic analysis (to PDEs, etc.) (60H30) Financial applications of other theories (91G80)

Cites Work

• Unnamed Item
• Operational asset replacement strategy: a real options approach
• Optimal replacement policy with stochastic maintenance and operation costs
• Repeated real options: optimal investment behaviour and a good rule of thumb
• Modeling and Managing Uncertainty in Process Planning and Scheduling
• Stationary Equilibrium in a Market for Durable Assets
• Asset replacement for an urban railway using a modified two-cycle replacement model

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