A strategy for optimal equipment replacement

摘要: Plant and equipment generally represent the highest allocation of resources in production process. Incorrect decisions regarding replacement can often cost far more than all savings reductions achieved other areas planning. With age, both failure rate corresponding maintenance increase considerably as deterioration due to wear ageing components sets in. When there is failure, a decision has be made, whether continue repair at ever increasing costs risk or replace item. This created unique problems for management. Should occur fixed time intervals? What are consequences delay beyond interval? Does valid optimal interval exist each replacement? Is an something inherent do factors like depreciation rate, discount factor net present value influence it greatly? study examines ...