1 - Construction Methods and Equipment Management
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
Define the term 'economic life' as used in equipment management.
💡 Hint: Think about what this term signifies in terms of costs.
What does 'defender' refer to in the context of this section?
💡 Hint: Consider the terminology around equipment comparison.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does 'economic life' refer to in equipment management?
💡 Hint: Consider the definition of economic life discussed in class.
True or False: The defender is the new machine being considered for replacement.
💡 Hint: Think back to the definitions provided.
Get performance evaluation
Challenge Problems
Push your limits with advanced challenges
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.
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.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.