Practice Construction Methods and Equipment Management - 1 | 15. Equipment Life and Replacement Analysis (Part-1) | Construction Engineering & Management - Vol 1
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Knowledge

1 - Construction Methods and Equipment Management

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define the term 'economic life' as used in equipment management.

💡 Hint: Think about what this term signifies in terms of costs.

Question 2

Easy

What does 'defender' refer to in the context of this section?

💡 Hint: Consider the terminology around equipment comparison.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does 'economic life' refer to in equipment management?

  • The total lifespan of the equipment.
  • The time when costs are minimized and profits maximized.
  • The moment a machine breaks down.

💡 Hint: Consider the definition of economic life discussed in class.

Question 2

True or False: The defender is the new machine being considered for replacement.

  • True
  • False

💡 Hint: Think back to the definitions provided.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

An excavator has a physical life of 15 years. It has been in operation for 12 years and is incurring increasing maintenance costs. Based on the principles discussed, when should management consider replacing it?

💡 Hint: Think about the functions of profit and economic life.

Question 2

You're faced with two models: one defender that is more costly to maintain after 5 years and a new challenger that offers better efficiency and lower costs. How do you justify the replacement?

💡 Hint: Consider both past costs and future projections to evaluate the decision.

Challenge and get performance evaluation