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equipment maintenance and replacement decision making

equipment maintenance and replacement decision making

Equipment Maintenance and Replacement Decision Making ...

Equipment Maintenance and Replacement Decision Making Processes Michael W. Gage This project contains recommendations for the decision making processes for support and production equipment maintenance and replacement for a large defense contractor. Recent literature has been reviewed to provide perspective on current trends in the field. A complete

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"Equipment Maintenance and Replacement Decision Making ...

This project contains recommendations for the decision making processes for support and production equipment maintenance and replacement for a large defense contractor. Recent literature has been reviewed to provide perspective on current trends in the field. A complete evaluation of their current processes and systems is included with recommendations on areas for improvement.

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Chapter 6: Equipment Maintenance and Replacement Decisions ...

Life-Cycle Costing for Effective Decision Making. The decision between equipment replacement and maintenance is based on costs a key financial parameter that determines the performance of the industry. Naturally, anyone would prefer the option that incurs the least cost, so that the profit margin is maximum. However, there are a number of costs ...

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Equipment Maintenance and Replacement Decision Making ...

Joseph C.Hartman [7] A study on Equipment replacement analysis.Michael W.Gage [8] Equipment maintenance and replacement decision making process.Atul Kumar Sahu [9] International journal of

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Optimizing Equipment Maintenance and Replacement Decisions ...

May 09, 2021  Optimizing Equipment Maintenance and Replacement Decisions Training. Berlin. 17 - 10 - 2021. 21 - 10 - 2021. Optimizing Equipment Maintenance and Replacement Decisions Training. Dubai. 24 - 10 - 2021. 28 - 10 - 2021. Optimizing Equipment Maintenance and Replacement Decisions

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Equipment Maintenance Replacement Decisions GLOMACS

This GL O MACS Optimising Equipment Maintenance Replacement Decisions training seminar is intended to introduce the participant to the process of making decisions regarding equipment maintenance optimisation including equipment replacement. Various optimisation techniques will be presented and the optimisation criteria explained.

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Parts Replacement: The Equipment Replacement Decision

The parts replacement decision, to replace a piece of equipment should be based on facts and figures. The judgment which the owner-manager of a small company makes should be the result of weighing the costs of keeping the old equipment against the cost of its replacement. This parts replacement guide discusses the elements involved in making ...

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To Repair or Replace the Device - That's the Question ...

Nov 03, 2015  Decisions in the final phase of the life cycle of a device can influence operations, quality and performance. This article identifies some of the pros and cons that should be considered when making the major device repair or replace decision and explores solutions that will significantly guide the decision making process.

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Replacement Decision Technique Example

Jan 09, 2016  Decision regarding replacement of an existing asset with another is based on the net present value and internal rate of return of the incremental cash flows, i.e. the difference between periodic net cash flows if the existing asset is kept and the periodic net cash flows if the asset is replaced.. In capital budgeting and engineering economics, the existing asset is called the defender and the ...

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Making the right equipment replacement decisions - Quarry

Aug 06, 2018  The decision-makers involved in acquiring new equipment should look carefully at the current capability of maintenance personnel and their potential to adapt and improve. New tools and procedures Maintenance personnel may require the use

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Equipment Maintenance and Replacement Decision Making ...

Equipment Maintenance and Replacement Decision Making Processes . By Michael W. Gage. Abstract. This project contains recommendations for the decision making processes for support and production equipment maintenance and replacement for a large defense contractor. Recent literature has been reviewed to provide perspective on current trends in ...

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Equipment Replacement Decision Making:Opportunities and ...

In this paper, the opportunities and challenges associated with equipment replacement decision making are discussed in detail. First, a comprehensive review of the state-ofthe art and state-of-the ...

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Decision Making in Physical Asset Repair/Replacement: A ...

Feb 18, 2017  Decision making in physical asset repair/replacement involves selecting a logical choice and determining the option, which is the best for the particular situation. Knowing how to decide which option is best for organization’s operations and when assets should be replaced will help to control downtime and unexpected costs.

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Industrial maintenance decision-making: A systematic ...

Oct 01, 2017  The increasing competition among industries has leveraged the emergence of various tools and methods for maintenance decision-making support. This paper identifies in literature the application areas of industrial maintenance decision-making, the relationships between these areas and the ways in which authors integrate tools and methods.

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Replacement of Equipment's: Reasons, Factors and Problems

In such cases the decision may not be to re-palace the equipment if the next year maintenance cost is less than the average cost of the previous year and replace the equipment if the next year’s maintenance expenses is more than the average cost of the previous year.

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A Better Approach to Equipment Replacement in Healthcare

May 16, 2018  Form a multidisciplinary replacement-planning team beyond the capital committee.Determining who owns the replacement planning process in an organization can be tricky, but leaders in clinical engineering, supply chain, operations, and finance all need to be involved in the decision making.

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Repair vs Replace Decision Making with Susan Lubell

Repair vs Replace Decision Making with Susan Lubell. Without questions, organizations in the world need their assets to be optimal and to run efficiently. They can’t afford downtime because of the production targets they have to achieve. That is why they have to make a smart decision. They can either refurbish the assets or replace them.

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To Repair or Replace the Device - That's the Question ...

Nov 03, 2015  Decisions in the final phase of the life cycle of a device can influence operations, quality and performance. This article identifies some of the pros and cons that should be considered when making the major device repair or replace decision and explores solutions that will significantly guide the decision making process.

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MED160 Ch. 8 Office Equipment Supplies Flashcards Quizlet

Maintenance contract. ... Service contract. A contract that specifies free service and replacement of parts for a piece of equipment during a certain period of time. Warranty. List 6 steps in the decision-making process of ordering new office equipment. 1.) Research the equipment needed

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Maintenance decision method considering inspection of ...

The goal is to establish a maintenance decision making model that considers the safety overhaul of fully mechanized mining equipment group in order to minimize the total maintenance, production

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Container Services Repair - APM Terminals

Equipment lifecycle management. Equipment maintenance and replacement is a complex decision-making process. Choosing an effective strategy for each piece of equipment involves a trade-off between reliability and cost, while ensuring the safety of your operations.

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Replacement analysis using probabilistic life cycle ...

Life-cycle cost (LCC) is the most frequently used economic model for decision making that considers all costs in the life of a system or equipment. The LCC of repairable equipment highly depends on the reliability and availability of the equipment. Optimum equipment reliability reduces failure which in turn reduces disruption of product that have a direct link to maintenance and production cost.

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A medical equipment replacement model

A simple mathematical model has been developed to identify and prioritize medical equipment in need of replacement. The model contains a total of ten attributes addressing four primary replacement issues: equipment service and support; equipment function; cost benefits; and clinical efficacy. Sensitivity to incomplete or subjective data is ...

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Economical Maintenance and Replacement Decision

of K-Mean clustering algorithm a decision support system is designed. Analysis of the fleet performance by modeling the process of analyzing through the design and implementation of a system analysis of maintenance replacement policies in fleet management

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Equipment Replacement Decision Making: Challenges and ...

Equipment Replacement Decision Making: Challenges and Opportunities A primary objective for equipment managers is to replace the right equipment at the right time and at the lowest overall cost. To help accomplish this task, a theoretically sound and practically feasible equipment replacement optimization methodology has been developed so that ...

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[PDF] Equipment Replacement Decision Making: Opportunities ...

The primary function of equipment managers is to replace the right equipment at the right time and at the lowest overall cost. In this paper, the opportunities and challenges associated with equipment replacement optimization (ERO) are discussed in detail. First, a comprehensive review of the state-of-the art and state-of-the practice literature for the ERO problem is conducted.

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Measure Guideline: Air Conditioner Diagnostics ...

1 Section 1: Planning and Decision Making Criteria ... Equipment Replacement .....35. References ... Measure Guideline: Air Conditioner Diagnostics, Maintenance, and Replacement

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Chapter 5 - Case Studies Decision Making for Outsourcing ...

For simplicity, the case studies use the equipment class and maintenance types defined in Chapter 3. 5.2 Case Study Aâ Strategic Outsourcing Decision In this case study, a state DOT is evaluating the feasibility of outsourcing all fleet and equipment maintenance within the state.

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A Better Approach to Equipment Replacement in Healthcare

May 16, 2018  Form a multidisciplinary replacement-planning team beyond the capital committee.Determining who owns the replacement planning process in an organization can be tricky, but leaders in clinical engineering, supply chain, operations, and finance all need to be involved in the decision making.

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NCHRP - apps.trb

The replace or repair decision typically depends on a variety of considerations such as availability of other equipment, seasonal conditions and maintenance workloads, various budget restrictions and current agency policies, as well as the anticipated time requirements and costs of replacement or repair and future equipment reliability.

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Preventive Maintenance Decisions through Maintenance ...

Jan 01, 2017  Technology has always been a key driver of change in industry, leading enterprises to adopt methods to improve maintenance decisions and striving for maintenance excellence. This paper reports a procedure to support the planning of preventive interventions to be integrated in a computerized maintenance management (CMMS) that is discussed ...

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Maintenance decision method considering inspection of ...

The goal is to establish a maintenance decision making model that considers the safety overhaul of fully mechanized mining equipment group in order to minimize the total maintenance, production

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Repair versus Replace - Reliabilityweb: A Culture of ...

In Figure 1, the organization would have to spend more than 3.17 times as much on maintenance for the old asset as they expect to spend on maintenance for the new asset, making the purchase of the new asset a sound financial decision. Argument #1: The new asset will be more productive.

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Replacement analysis using probabilistic life cycle ...

Life-cycle cost (LCC) is the most frequently used economic model for decision making that considers all costs in the life of a system or equipment. The LCC of repairable equipment highly depends on the reliability and availability of the equipment. Optimum equipment reliability reduces failure which in turn reduces disruption of product that have a direct link to maintenance and production cost.

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Types of Maintenance: The 9 Different Strategies Explained

Preventive maintenance can be defined as “an equipment maintenance strategy based on replacing, or restoring, an asset at a fixed interval regardless of its condition. Scheduled restoration tasks and replacement tasks are examples of preventive maintenance tasks.” 1 Preventive maintenance (or preventative maintenance) is basically a type of maintenance that is done at a regular interval ...

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Medical Equipment Management Technology, Equipment

Maintenance 9. Replacement or disposal. 1. Planning. Planning process is an important aid in decision-making because it provides essential information for management. In other words, it provides technology vision where healthcare facility should position itself; it can specify the following conditions in order to aid the decision-making process.

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Operations research - Replacement and maintenance Britannica

Operations research - Operations research - Replacement and maintenance: Replacement problems involve items that degenerate with use or with the passage of time and those that fail after a certain amount of use or time. Items that deteriorate are likely to be large and costly (e.g., machine tools, trucks, ships, and home appliances).

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