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Abstract
The paper Quadratic Trend Running Cost Replacement Model with Linear Trend Salvage and Predicted Inflation is an attempt made to develop right replacement strategy to determine an age of equipment at which the replacement is most economical. The annual maintenance or running cost of equipment is assumed to follow quadratic trend and salvage as linear trend. Using trend equations along with parameters like money value, predicted inflation economic replacement model has been developed.
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How to Cite
Basamgari, S., Gajanana, D. S., & Hemachandra Reddy, D. K. (2015). Quadratic Trend Running Cost Replacement Model with Linear Trend Salvage and Predicted Inflation. International Journal of Emerging Trends in Science and Technology, 2(06). Retrieved from https://igmpublication.org/ijetst.in/index.php/ijetst/article/view/727
References
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2. S.Gajanana et al (2006): “Development of Mathematical Model For Inflation Prediction Using Forecasting Technique†Industrial Engineering Journal, Vol. XXXV NO.5, May-2006, P-28 to 31.
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6. Kanti Swarup, Gupta P.K (1992): “Operations Researchâ€, Sultan Chand & Sons Educational Publishers, New Delhi.
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8. Mustafi (1996): “Operations Research Methods and Practiceâ€, Second Edition, Willey-Eastern Limited.
9. Nadamuni Reddy. C et al (1997): “Combined influence of inflation and cost of money in replacement decisionsâ€, paper presented at national conference on statistical quality management, Nagarjuna University, Guntur, Jan 7-8, 1997.
2. S.Gajanana et al (2006): “Development of Mathematical Model For Inflation Prediction Using Forecasting Technique†Industrial Engineering Journal, Vol. XXXV NO.5, May-2006, P-28 to 31.
3. Gopala Krishna P et al (1991): “Maintenance and Spare parts Managementâ€, Prentice-Hall of India Pvt Ltd., New Delhi.
4. M Mahajan (2012): “Industrial Engineering and Production Managementâ€, DhanpatRai& Co, New Delhi.
5. Maurice Sasienni et al (1966): “Operations Research†John Wiley & Sons, Inc., New York.
6. Kanti Swarup, Gupta P.K (1992): “Operations Researchâ€, Sultan Chand & Sons Educational Publishers, New Delhi.
7. Nadamuni Reddy C et al (1993): “Replacement model for Staff Recruitment and Promotion Problem in Engineering Collegeâ€, Indian Journal of Industrial Engineering, Mumbai, December, 1993.
8. Mustafi (1996): “Operations Research Methods and Practiceâ€, Second Edition, Willey-Eastern Limited.
9. Nadamuni Reddy. C et al (1997): “Combined influence of inflation and cost of money in replacement decisionsâ€, paper presented at national conference on statistical quality management, Nagarjuna University, Guntur, Jan 7-8, 1997.