Bitros, George C.; Flytzanis, Elias - EconWPA - 2004
We draw on three strands of literature dealing with utilization, maintenance, and scrapping in order to analyze the …-period service life model and extending it in three directions: first, by associating the physical deteriora-tion of equipment to the … intensity of its utilization and maintenance; second, by ex-panding on the range of explainable operating policies to allow for …