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Equipment Replacement Decisions

Abstract

The aim of this chapter is to present the various reasons for considering replacement of equipment, and to show how replacement decisions can be analysed. Replacement analysis based on increasing maintenance cost with age is presented, covering both steadily and unevenly increasing costs. The use of spendlimits as replacement control mechanism is presented and also the role of risk analysis in replacement decisions.

Keywords

Maintenance Cost Asset Manager Replacement Policy Cumulative Cost Replacement Planning 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London Limited 2010

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