There are comparatively many scenarios for equipment replacement in engineering economics. With a view to the unsystematic solutions, a classical case is studied here to demonstrate the inherent consistency in the var...
This paper is supported by National Nature Science Foundation of China (No. 70071041)
The traditional explanation was found to be inconsistent with the empirical evidence that mainly caused the agricultural crisis in 1959-1961, so Yifu Lin tried to explain this catastrophe through using Game Theory bas...