Practice Replacement Decision - 4.2 | 15. Equipment Life and Replacement Analysis (Part-1) | Construction Engineering & Management - Vol 1
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4.2 - Replacement Decision

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the first phase in the equipment life cycle?

💡 Hint: Think about the starting point of using any equipment.

Question 2

Easy

Define downtime in relation to equipment.

💡 Hint: Consider the time not spent working effectively.

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 equipment?

  • The entire life of the equipment
  • The time when it costs most
  • The time with minimized costs and maximized profits

💡 Hint: Focus on when costs versus profits are optimized.

Question 2

True or False: Downtime is a critical factor that does not affect equipment costs.

  • True
  • False

💡 Hint: Think about what happens in projects when equipment isn't working.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A construction company has a bulldozer that's 10 years old. It's in a market where bulldozers are often upgraded every 5 years. If the repair costs each year are escalating and last year reached 40% of its original purchase price, analyze the decision to keep vs. replace.

💡 Hint: Evaluate repair costs versus productivity levels.

Question 2

A firm is using an old crane that frequently delays projects because of downtime. Calculate the total cost of downtime over six months if every month it leads to a production delay that costs the firm $2000.

💡 Hint: Consider how much new equipment could save in project delivery times.

Challenge and get performance evaluation