As software ages, it is increasingly unable to leverage new technologies and fulfill evolving user requirements. Firms … producing software products therefore get an opportunity to introduce and sell upgrades. Our research looks at the optimal … accelerating pace of hardware and software developments (e.g. Moore's law) suggests decreasing intervals between upgrades, real …

leasing strategy for a special type of durable good - software. We look at a software vendor that can sell (at a posted price …) or lease his product where as a lesser he guarantees that the lessees will always have the latest version of the software …. We address some of the specific issues of implementing the selling and/or leasing policies at the packaged software …

As software ages, it is increasingly unable to leverage new technologies and fulfill the evolving user requirements. As … an older and out-of-date software product. This is reminiscent of the machine maintenance literature in operations … issue, we model the costs and revenues associated with a succession of upgrades marketed by a software product monopoly into …