| Popis: |
A market, income, or cost approach is a term used to describe the methods used to value assets. Meanwhile, by combining multiple methodologies, correct valuation methods can be obtained. One of these ways is based on a formula given by D.S. Lvov at one point, which connects the market values of the assessed machine and its analogue while accounting for changes in machine operating characteristics and usable life. However, when calculating the formula, it is assumed that the machine's properties do not vary over time. For a case where the operating parameters of machines fluctuate throughout operation and the useful life is random, we suggest a generalization of this formula. |
