Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin

Exercise 4

In conducting a replacement study of assets with different lives, can the annual worth values over the asset's own life cycle be used in the comparison, if the study period is ( a ) unlimited, ( b ) limited wherein the period is not an even multiple of asset lives, and ( c ) limited wherein the period is a multiple of asset lives? Explain your answers.