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3 cards from this section. Quick, good the night before a test.
Define economic useful life in your own words.
Think about the profit to be made during a machine's lifespan.
What is a defender in equipment management?
Is it the old one or new one?
What is the economic useful life of a piece of equipment?
What costs are most important to a business?
True or False: All equipment should be used until it breaks down.
Think about maintenance costs.
A construction company has a bulldozer that is 5 years old. Increased breakdowns are leading to downtime of 20%. Calculate the economic life based on the given productivity and repair costs, considering a maximum acceptable downtime of 10%.
Look at the costs associated with repairs versus the productivity loss.
Your team is assessing a fleet of excavators, and you estimate that their operating costs increase as they age. Create an ideal plan for tracking their performance over time and determining the right replacement time.
Consider what key performance indicators would indicate the need for replacement.
4 more questions in this section. Enroll free to practise them all.
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