A real options approach for joint overhaul and replacement strategies with mean reverting prices
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DOI: 10.1007/s10479-018-2906-z
Abstract: Due to its significant impact on economic performance, an effective equipment overhaul and replacement strategy is a key aspect of physical asset management in capital-intensive industries, such as the mining industry. Classical approaches suggest periodic… read more here.
Keywords: replacement; options approach; real options; overhaul replacement ... See more keywords