{"id":"https://openalex.org/W2279825871","doi":"https://doi.org/10.2307/1236579","title":"Optimal Replacement under Risk","display_name":"Optimal Replacement under Risk","publication_year":1965,"publication_date":"1965-05-01","ids":{"openalex":"https://openalex.org/W2279825871","doi":"https://doi.org/10.2307/1236579","mag":"2279825871"},"language":"en","primary_location":{"id":"doi:10.2307/1236579","doi":"https://doi.org/10.2307/1236579","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1236579","pdf_url":null,"source":{"id":"https://openalex.org/S4210189675","display_name":"Journal of Farm Economics","issn_l":"1071-1031","issn":["1071-1031","2163-6257"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Farm Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064650659","display_name":"Oscar R. Burt","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I76835614","display_name":"University of Missouri","ror":"https://ror.org/02ymw8z06","country_code":"US","type":"education","lineage":["https://openalex.org/I76835614"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Oscar R. Burt","raw_affiliation_strings":["University of  Missouri"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of  Missouri","institution_ids":["https://openalex.org/I76835614"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5064650659"],"corresponding_institution_ids":["https://openalex.org/I76835614"],"apc_list":null,"apc_paid":null,"fwci":8.2382,"has_fulltext":false,"cited_by_count":48,"citation_normalized_percentile":{"value":0.968,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":94},"biblio":{"volume":"47","issue":"2","first_page":"324","last_page":"324"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.6215999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.6215999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11805","display_name":"Agricultural economics and policies","score":0.15109999477863312,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10780","display_name":"Reliability and Maintenance Optimization","score":0.13349999487400055,"subfield":{"id":"https://openalex.org/subfields/2213","display_name":"Safety, Risk, Reliability and Quality"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/optimal-replacement","display_name":"optimal replacement","score":0.9100000262260437},{"id":"https://openalex.org/keywords/capital-goods","display_name":"capital goods","score":0.6019999980926514},{"id":"https://openalex.org/keywords/asset-life","display_name":"asset life","score":0.8379999995231628},{"id":"https://openalex.org/keywords/risk","display_name":"risk","score":0.6159999966621399},{"id":"https://openalex.org/keywords/farm-capital","display_name":"agricultural capital","score":0.40299999713897705}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.35221290588378906},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.33789512515068054}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/1236579","doi":"https://doi.org/10.2307/1236579","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1236579","pdf_url":null,"source":{"id":"https://openalex.org/S4210189675","display_name":"Journal of Farm Economics","issn_l":"1071-1031","issn":["1071-1031","2163-6257"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Farm Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:oup:ajagec:v:47:y:1965:i:2:p:324-346.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2307/1236579","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4200070765","https://openalex.org/W4241106238","https://openalex.org/W2616479921","https://openalex.org/W2016123789","https://openalex.org/W1988086549","https://openalex.org/W1670262378","https://openalex.org/W2999770539","https://openalex.org/W2084174766","https://openalex.org/W3125183341","https://openalex.org/W2408569562"],"abstract_inverted_index":{"Large":[0],"investments":[1],"in":[2],"capital":[3,14],"goods":[4],"create":[5],"concern":[6],"about":[7],"economic":[8,41],"life":[9,45],"of":[10,13,23,43,48,68],"specific":[11],"items":[12],"such":[15],"as":[16],"farm":[17],"buildings,":[18],"machinery,":[19],"and":[20,62],"livestock.":[21],"Many":[22],"these":[24],"assets":[25],"are":[26,55],"subject":[27],"to":[28,32,65],"involuntary":[29],"replacement":[30],"due":[31],"random":[33],"phenomena.":[34],"This":[35],"paper":[36],"develops":[37],"a":[38],"model":[39],"for":[40],"analysis":[42],"asset":[44],"under":[46],"conditions":[47],"chance":[49],"failure":[50],"or":[51],"loss.":[52],"Analytical":[53],"results":[54],"derived":[56],"which":[57],"imply":[58],"routine":[59],"decision":[60],"rules":[61],"provide":[63],"insight":[64],"the":[66],"economics":[67],"replacement.":[69]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-03-10T14:07:55.174380","created_date":"2016-06-24T00:00:00"}
