Optimal replacement and maintenance of urban infrastructure

The theory of optimal control is used to derive the optimal policy for maintenance and replacement of the capital invested into deteriorating infrastructure networks or facilities.Depending on economic conditions, the optimal policy consists either in maintaining the infrastructure indefinitely at its initial level, or in letting it run down and postponing its replacement as long as possible.

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Year of publication:	1987
Authors:	Lesse, P F ; Roy, J R
Published in:	Environment and Planning A. - Pion Ltd, London, ISSN 1472-3409. - Vol. 19.1987, 8, p. 1115-1121
Publisher:	Pion Ltd, London

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005595790