The optimal lifetime of capital goods and pricing policies for replacement components and repair costs

Article Abstract:

A case study of commercial aircraft was conducted to show how purchase price and repair costs are related to the determination of the economically optimal lifetime of capital goods with parts that are susceptible to wear and tear. Commercial aircraft owners favor a 'repair and hold on' strategy because repair is very cheap compared to the price of new aircraft. The longevity of aircraft also benefits manufacturers because it enables them to sell aircraft parts during periods of low demand for aircraft. These results show that parts manufacturers' pricing policy strongly influences the replacement decisions of capital goods owners.

Aircraft Manufacturing, Commercial Aircraft, Analysis, Purchasing, Industrial equipment, Maintenance and repair, Airplanes, Fixed assets, Replacement of industrial equipment

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Lawmakers reject break-up measure

Article Abstract:

The Czechoslovak Federal Assembly on Oct 1, 1992, refused to accept a constitutional amendment on the planned dissolution of the Czech federation. The amendment was presented by the Civic Democratic Party and the Movement for a Democratic Slovakia.

Political activity, Political aspects, Czechoslovakia, Czechoslovakia. Federal Assembly

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Ice age lamps

Article Abstract:

The first fat-burning lamps were developed during the Upper Paleolithic era, about 40,000 years ago. The invention of lamps corresponded with the development of complex weapons systems, art and personal adornment.

Lamps, Paleolithic period, Relics

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