This paper presents the effects of salvage value on the optimal age-replacement policy for non-repairable products sold with a renewing free-replacement warranty (RFRW). Cost models from the customer’s perspective are developed for both warranted, and non-warranted products. The corresponding optimal replacement ages are derived such that the long-run expected cost rate is minimized. Under the ...

today power consumption is considered to be one of the important issues. therefore, its reduction plays a considerable role in developing systems. previous studies have shown that approximately 50% of total power consumption is used in cache memories. there is a direct relationship between power consumption and replacement quantity made in cache. the less the number of replacements is, the less...

The objective of the paper is to examine retirement behaviour Belgian workers in one-earner households who are automatically granted a more generous old-age pension benefits replacement rate, called household rate. Following recommendation Pension Reform Committee, this policy be suppressed for new pensioners, except those receiving minimum pension. We provide an ex-ante impact evaluation such ...