Practice Estimation of Economic Life - 9 | 15. Equipment Life and Replacement Analysis (Part-1) | Construction Engineering & Management - Vol 1
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Knowledge

9 - Estimation of Economic Life

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define economic useful life in your own words.

💡 Hint: Think about the profit to be made during a machine's lifespan.

Question 2

Easy

What is a defender in equipment management?

💡 Hint: Is it the old one or new one?

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 economic useful life of a piece of equipment?

  • The time it is physically usable
  • The time with minimum costs
  • The time it will break down

💡 Hint: What costs are most important to a business?

Question 2

True or False: All equipment should be used until it breaks down.

  • True
  • False

💡 Hint: Think about maintenance costs.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

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%.

💡 Hint: Look at the costs associated with repairs versus the productivity loss.

Question 2

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.

💡 Hint: Consider what key performance indicators would indicate the need for replacement.

Challenge and get performance evaluation