Plant Floor Machinery
Pp. 81-83 (3)
Alexander Spivak, Ashok Kumar and Matthew Franchetti
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.
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.
College of Engineering The University of Toledo Toledo, OH 43606 USA