{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,8,8]],"date-time":"2024-08-08T14:40:05Z","timestamp":1723128005747},"reference-count":0,"publisher":"Informa UK Limited","issue":"1","license":[{"start":{"date-parts":[[1998,1,1]],"date-time":"1998-01-01T00:00:00Z","timestamp":883612800000},"content-version":"unspecified","delay-in-days":0,"URL":"http:\/\/creativecommons.org\/licenses\/by\/3.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Journal of Applied Mathematics and Decision Sciences"],"published-print":{"date-parts":[[1998,1,1]]},"abstract":"<jats:p>Although a large literature exists on the repair and deterioration of machines, the\nassociated problem of maintenance schedules for deteriorating renewable facilities has been little\nstudied. These facilities include all those which can be restored to a near-new state by renovation\nor rebuilding, so that the market value and performance of the facility depends on the current\nstate of repair rather than on the time since initial construction. This paper solves the general\ndeterministic problem of finding the optimal repair strategy for a depreciating renewable facility.\nIt is shown that the value of the facility should approach the level where a function defined as\nthe \"nett internal return\" is greatest. If the facility has a finite life before sale or demolition, an\nadjustment to repair strategies should be made as the facility approaches this time, increasing\nrepairs where this permits a better sale price to be obtained, or discontinuing repairs if they are\nnot justified by scrap or market value. Solutions for a range of common depreciation functions\nand for linear and quadratic repair cost functions are obtained. The optimal life of the facility\nis determined at the time when nett \"external\" marginal return, which includes potential capital\ngain or loss and opportunity cost of capital, falls to zero.<\/jats:p>","DOI":"10.1155\/s1173912698000017","type":"journal-article","created":{"date-parts":[[2007,3,8]],"date-time":"2007-03-08T07:44:28Z","timestamp":1173339868000},"page":"3-21","source":"Crossref","is-referenced-by-count":0,"title":["Optimal investment strategies for renewable facilities"],"prefix":"10.1080","volume":"2","author":[{"given":"Joe","family":"Flood","sequence":"first","affiliation":[{"name":"Australian Housing and Urban Research Institute, Level 7, 20 Queen St Melbourne 3000, Australia"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"301","container-title":["Journal of Applied Mathematics and Decision Sciences"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/downloads.hindawi.com\/archive\/1998\/787594.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/archive\/1998\/787594.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,8,8]],"date-time":"2024-08-08T14:22:54Z","timestamp":1723126974000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.hindawi.com\/journals\/ads\/1998\/787594\/abs\/"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[1998,1,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1998,1,1]]}},"alternative-id":["787594"],"URL":"https:\/\/doi.org\/10.1155\/s1173912698000017","relation":{},"ISSN":["1173-9126"],"issn-type":[{"type":"print","value":"1173-9126"}],"subject":[],"published":{"date-parts":[[1998,1,1]]}}}