R Roy Radner (2 results)

Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,650grams, ISBN:0816613656.

Hardcover. Condition: Near Fine. Dust Jacket Condition: Near Fine. 1st Edition. xii, 225, [1=ads] pp; 37 figs.; 10 tables. Original cloth. Near Fine, in near fine dust jacket. Studies in Mathematical and Managerial Economics, Vol. 8. 'As far as cost is concerned, Morse once proposed a cost minimization maintenance model assuming an infinite time horizon. However, Jorgenson, McCall and Radner later had shown that this type of model is only effective when the failure rate is increasing' (Winco K. C. Yung, 'A Cost-effective Maintenance Model for Railway Transport', (1994-95 Annual lssue of IIE (HK)). 'In these models, equipment that is initially 'good' at installation can 'fail' at any time, and the current state of equipmentgood or failedis uncertain unless and until the equipment is inspected. These preparedness (or inspection) models include work by Radner and Jorgenson (1962) and Jorgenson, McCall, and Radner (1967)' (Mark A. Prell, U.S. Department of Agriculture, Economic Research Service, 'Certification Duration For Food Assistance Programs: An Economic Model With An A pplication to WIC', National Poverty Center Gerald R. Ford School of Public Policy, University of Michigan Web site).