Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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The Optimal Machine Life in Tesla

Authors
Zeyun Lu1, *, †, Jilin Lyu2, *, †, Zhengyang Wan3, *, †, Yanzhi Wang4, *, †
1E’nan High School of Hubei Province, Xianning, Hubei, China
2Warwick Secondary School, Ontario, Canada
3CBC Hefei No.1 High School, Hefei, Anhui, China
4Nanjing Foreign Language School British Columbia Academy, Nanjing, Jiangsu, China
†

These authors contributed equally.

*Corresponding author. Email: guanghua.ren@gecacademy.cn
Corresponding Authors
Zeyun Lu, Jilin Lyu, Zhengyang Wan, Yanzhi Wang
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.144How to use a DOI?
Keywords
component; the optimal machine life; NPV; Hamilton-Jacobi-Bellman equation; Cash inflow
Abstract

Tesla is an American electric car and energy company that makes and sells electric cars, solar panels, and energy storage equipment. We analyze how can Tesla buy and sell the machines in the most profitable way. Based on photovoltaic (PV) and net present value (NPV) rules, the infinite time optimal machine life model is established to analyze the investment projects of Tesla. Next, we calculate the optimal machine life effectively by using HJB equation. The PV and NPV rules and HJB equation are introduced in Related theoretical concepts included definitions, formulas, and applicable situations. We get the conclusion that the theoretical optimal machine exists which is using one machine only a year. But that is subject to market demand and supply. If we take all the factors into account, the calculation becomes complicated. So we just use the ideal case, and explain the meaning of optimal machine life for the company and related calculations in it.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.144How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Zeyun Lu
AU  - Jilin Lyu
AU  - Zhengyang Wan
AU  - Yanzhi Wang
PY  - 2022
DA  - 2022/03/26
TI  - The Optimal Machine Life in Tesla
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 890
EP  - 894
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.144
DO  - 10.2991/aebmr.k.220307.144
ID  - Lu2022
ER  -