Name
Abstract | ||
|---|---|---|
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. |
Year | DOI | Venue |
|---|---|---|
2003 | 10.1016/S0167-6377(02)00153-0 | Oper. Res. Lett. |
Keywords | Field | DocType |
equipment cost,new technology,technological change,equipment replacement,constant factor improvement,technological improvement,infinite horizon optimization,rapid introduction,adoption of new technology,simple technological change model,infinite hori- zon optimization | Mathematical optimization,Industrial engineering,Technological change,Acceleration,Mathematics | Journal |
Volume | Issue | ISSN |
31 | 1 | Operations Research Letters |
Citations | PageRank | References |
8 | 1.53 | 0 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Torpong Cheevaprawatdomrong | 1 | 8 | 1.53 |
| Robert L. Smith | 2 | 664 | 123.86 |