Practice Cost Components in Replacement Analysis - 6.2 | 15. Equipment Life and Replacement Analysis (Part-1) | Construction Engineering & Management - Vol 1
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6.2 - Cost Components in Replacement Analysis

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does inflation cost refer to?

💡 Hint: Think about how money value changes over the years.

Question 2

Easy

Why is downtime cost important?

💡 Hint: Consider the effect of a machine being in repair.

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 is the primary focus of downtime cost in equipment management?

  • Profit Optimization
  • Expected Maintenance
  • Productivity Loss
  • Efficiency Gain

💡 Hint: Think about what it means for production when a machine is in repair.

Question 2

True or False: Inflation reduces the purchasing power of money over time.

  • True
  • False

💡 Hint: Remember how goods and services cost more over the years.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

An excavator originally purchased for 20 lakh rupees is now experiencing decreasing productivity due to frequent repairs and an increasing cost for maintenance. Calculate the potential obsolescence cost if newer models offer greater efficiency and lower costs.

💡 Hint: Look at how many more rupees you would need for repairs versus the savings from new models.

Question 2

Create a cost analysis model that weighs the impact of inflation, downtime, and obsolescence on a fleet of machinery. Justify your reasoning.

💡 Hint: Think about how these three factors would interrelate over a five-year period.

Challenge and get performance evaluation