Housing Quality, Maintenance and Rehabilitation
研究房东在住房建设质量、维护支出和拆除或翻新时机上的利润最大化决策，对住房市场和资产管理领域有参考价值。
This paper investigates a representative landlord's profit-maximization problem in a stationary economy. The landlord must decide on the quality of his housing units at the time of construction, maintenance expenditure over the life of the building, and the time of demolition or rehabilitation. The analysis can be applied to other problems with similar economic structure, notably equipment and durable good maintenance, overhaul and replacement.