What is it about?
We consider the equipment that is subject to random failures, which, with an increase in operating time, decreases productivity and increases operating costs. We offer a model for assessing its market value and depreciation. It is shown that the model calculations are in good agreement with market prices for two types of construction equipment of different ages.
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This page is a summary of: Influence of Deterioration of Machinery and Equipment on the Dynamics of their Market Value, Economics and Mathematical Methods, January 2019, The Russian Academy of Sciences,
DOI: 10.31857/s042473880005785-2.
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