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单词 replacement theory
释义

Definition of replacement theory in English:

replacement theory

noun
  • 1Accounting a method for determining value based on replacement cost.

  • 2A formal or mathematical approach to determining the most economical strategy for the replacement of industrial equipment.

Origin

Early 20th century; earliest use found in Annals of the American Academy of Political and Social Science.

Definition of replacement theory in US English:

replacement theory

noun
  • 1Accounting a method for determining value based on replacement cost.

  • 2A formal or mathematical approach to determining the most economical strategy for the replacement of industrial equipment.

Origin

Early 20th century; earliest use found in Annals of the American Academy of Political and Social Science.

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