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| Author: | Watkins, A. Leech, D. |
| Title: | Stochastic amortisation and manufacturing profitability |
| Journal: | Economics of Planning
1996 : VOL. 29:2, p. 103-115 |
| Index terms: | ECONOMICS MANUFACTURING PROFITABILITY |
| Language: | eng |
| Abstract: | The quantitative analysis of manufacturing operations usually considers the amortisation of physical assets, and allows for the cost of such assets in product prices. Typically, this involves the use of an asset's P/A ratio, where P is its initial cost and A is the net cash-flow or profit it generates in unit time. The simplest case, regarding asset life as fixed, is seldom credible, and a more realistic approach is to model the stochastic nature of asset lifetimes. In this paper , the authors demonstrate the efficacy of the strategy of calculating an average P/A. |
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