Abstract
A Study in optimum replacement of fork lift trucks is described, using two models. The first is related to minimum average costs per truck per year, the second uses the approach of discounted cash flow. The parameters used in these models include the purchase price, the resale value and the maintenance costs of the equipment. The effect of capital allowances for tax purposes is included.
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Eilon, S., King, J. & Hutchinson, D. A Study in Equipment Replacement. J Oper Res Soc 17, 59–71 (1966). https://doi.org/10.1057/jors.1966.7
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DOI: https://doi.org/10.1057/jors.1966.7