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.
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© 2010 Springer-Verlag London Limited
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(2010). Equipment Replacement Decisions. In: Physical Asset Management. Springer, London. https://doi.org/10.1007/978-1-84882-751-6_16
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DOI: https://doi.org/10.1007/978-1-84882-751-6_16
Publisher Name: Springer, London
Print ISBN: 978-1-84882-750-9
Online ISBN: 978-1-84882-751-6
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