Is econometrics useful for private policy making? A case study of replacement policy at an auto rental company

Journal of Econometrics

Volumn 145, Issue 1-2, 2008, Pages 243-257

  Cho, Sungjin ^a   Rust, John ^b  

^a Seoul National University   (South Korea)

^b UNIVERSITY OF MARYLAND   (United States)

Author keywords

Automobile rental leasing; Duration models; Dynamic programming; Optimal replacement policy; Optimal stopping problem; Policy evaluation; Semi Markov processes

Indexed keywords

MAINTENANCE; MATHEMATICAL MODELS; STOCHASTIC MODELS; VEHICLES;

AUTOMOBILE RENTAL/LEASING; CAR RENTAL; CASE STUDIES; DURATION MODELS; DYNAMIC PROGRAMMING; ECONOMETRIC ANALYSIS; ECONOMETRIC MODELING; HIGH RATES; MAINTENANCE COSTS; OPERATING STRATEGIES; OPTIMAL REPLACEMENT POLICY; OPTIMAL STOPPING PROBLEM; POLICY EVALUATION; POLICY MAKERS; POLICY-MAKING; REPLACEMENT POLICY; SEMI MARKOV PROCESSES; SOCIAL WELFARE; STOCHASTIC SIMULATIONS;

PUBLIC POLICY;

EID: 50049128845     PISSN: 03044076     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jeconom.2008.05.015     Document Type: Article

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