Energy Assessments for Industrial Complexes

Indexed in: Scopus

This e-book discusses methods that businesses may employ to reduce energy costs related to managing industrial buildings through environmentally sustainable methods. There are several chapters ...
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Plant Floor Machinery

Pp. 81-83 (3)

Alexander Spivak, Ashok Kumar and Matthew Franchetti

Abstract

Engineers typically make plant machinery’s economic replacement decisions. Such decisions involve cost analysis, which allow determining when the current machine is to be replaced with a new one. A manager’s job may be to suggest when such analysis should be conducted, especially on older machines, and when production changes occur.

Keywords:

Floor plant machinery, machine replacement decisions, machine maintenance, replacement analysis, MARR, minimum acceptable rate of return, reliability, accessibility, cost of repairs, cost of maintenance, downtime, machine retention cost, machine replacement cost, forecasting, cost forecasting.

Affiliation:

College of Engineering The University of Toledo Toledo, OH 43606 USA