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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What are the phases of equipment life?
💡 Hint: Think about what happens from the moment you buy a machine until you no longer use it.
Question 2
Easy
Define defender and challenger.
💡 Hint: Think about what terms are used when discussing current vs potential equipment.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the economic useful life of a machine?
💡 Hint: Think about cost issues related to maintenance.
Question 2
True or False: The defender is always the new equipment.
💡 Hint: Reflect on which is being used versus which is waiting for replacement.
Solve and get performance evaluation
Push your limits with challenges.
Question 1
Consider a mid-sized construction company that has a crucial excavator aging at 10 years. Its maintenance costs begin rising past 30% of its value. What should the company evaluate to determine if it should replace the excavator?
💡 Hint: Factor in the diminishing returns from the old machine versus the net benefits of the new one.
Question 2
An equipment manager notices his older model truck spends more time in the shop than on-site. What metrics should he consider to justify its replacement?
💡 Hint: Evaluate all costs associated with downtime and impacts on project deadlines.
Challenge and get performance evaluation