The use of dynamic programming in economic decisions replacement of fixed assets in the General Company for Petrochemical Industries / Basra | ||
| Economic Sciences | ||
| Article 1, Volume 9, Issue 36, December 2014, Pages 1-17 PDF (0 K) | ||
| Authors | ||
| Assist.Prof.Dr. Fawziya G. Omar; Assist. Lec. Asmaa A. Yaqoob | ||
| Abstract | ||
| The fixed assets and in particular the productive assets account for a large part of the general assets of the state Company for Petrochemical Industries , which is complex services and economic benefits obtained by the company for next several years. Those assets are exposed to obsolescence , depreciation , In spite of the realization of preventive maintenance and treatment . Which is reflected in the decrease in its market value in obtaining a suitable alternative. So research aims to use multi - stage dynamic programming optimization in light of the principle of optimal policy and successive reverse using the formula to reach optimum yield and improve the quality and efficiency of economic decision , to configure the necessary resolution conviction substitution . Accordingly , it would be useful to apply optimization analysis methods in finding effective solutions are gaining increasing importance in the process of replacing the management of fixed assets in that company. | ||
| Keywords | ||
| dynamic programming; economic decisions replacement; Fixed Assets; General Company; Petrochemical Industries | ||
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