Suzuki, Yoshinori; Pautsch, Gregory R. - In: Transportation Research Part A: Policy and Practice 39 (2005) 5, pp. 463-480
Recently, the motor carrier industry has experienced: (1) the sharp decline of vehicle (tractor) re-sale values, and (2) the substantial increase of vehicle insurance premiums. This study examines how motor carriers should adjust their vehicle replacement policies when dramatic changes of...