摘要：This paper analyzes variations in the
utilization rate of capital assets and examines the cost consequences that are
often associated with increases in capital asset utilization. A generalized
model is developed to measure the incremental costs of increases in capital
asset utilization. The proposed model is easily adaptable for sensitivity
analysis because it reduces to special forms under certain restrictive
assumptions concerning planning horizon, acquisition costs, and salvage values.
Further research may examine the relationship between leverage and capital asset
utilization rate.
