%0 Journal Article
%T Optimum Replacement Period for Motor Vehicle considering Macroeconomic Parameters
%A B. Srinivas
%A Dr. K. Hemachandra Reddy
%J International Journal of Engineering Research
%V 2
%N 4
%P 290-293
%D 2014
%I IJER
%X The present work is a contribution of mathematical 
and operations research models that help in arriving at the best 
replacement strategies to determine an age of motor vehicle at 
which the replacement is most economical. Parameters like 
depreciation, money value, forecasted inflation, nominal 
interest rate and real interest rate are taken into consideration 
in model development and for various situations, the 
replacement period to motor vehicle is suggested
%K Replacement
%K INFLATION
%K Money value
%K forecasting
%U http://www.ijer.in/ijer/publication/v2s4/IJER_2013_406.pdf