Page 1. The Engineering Economist TECHNICAL NOTES ESTIMATION OF SALVAGE VALUE IN COPPARING ALTERNATIVES WITH DIFFERENT LIVES Umesh Saxena and Arun Garg University of Wiscons in--Milwaukee INTRODUCTION The economic analysis of alternatives with different lives has received considerable attention in the past. There seems to be a general agreement that alternatives should be compared over the same life [2, 3, 4, 7, 11, 14, 151. Several ...
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