Published Resources Details
Journal Article
- Title
- The economics of plant replacement and repair
- In
- Civil Engineering Transactions
- Imprint
- vol. CE14, no. 1, Apr 1972, pp. 83-86
- Description
Paper No.3080, presented at the Institution's Annual Engineering Conference held in Canberra, April, 1972.
The author, J. S. Gerny, ME FIEAust, is Engineer for Investigations, The Engineering and Water Supply Department of South Australia.[This paper was awarded the Industrial Engineering Prize 1972]
- Abstract
A simple definition of the economic life of plant is used to derive working rules for plant replacement and repair which are computer compatible and easy to apply. The general case is that of routine replacement which is shown to be a function of the changing pattern of repairs with age. Standby requirements, redundancy and obsolescence are considered. The effect of inflation is discussed and a need to bring all costs to a common price level is demonstrated.
Related Published resources
isRelated
- 'Industrial Engineering Prize - 1972 Award', Journal of the Institution of Engineers, Australia, 46 (1-2) (1974), 22. Details
