Practice Recap of Lecture 8: Equipment Replacement Analysis - 2.1 | Getting Started 14 | Construction Engineering & Management - Vol 1
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Knowledge

2.1 - Recap of Lecture 8: Equipment Replacement Analysis

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is equipment replacement analysis?

💡 Hint: Think about why companies evaluate their machinery.

Question 2

Easy

What is the economic life span of a piece of equipment?

💡 Hint: Focus on how long the equipment remains useful.

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 equipment replacement analysis?

  • To enhance project timelines
  • To improve productivity at lower cost
  • To increase machinery complexity

💡 Hint: Think about why this analysis is done in construction projects.

Question 2

True or False: The payback period is the time it takes for equipment to produce enough income to justify its purchase.

  • True
  • False

💡 Hint: It relates directly to financial investments.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You are managing a project's equipment. If a bulldozer's operational cost reaches $15,000 annually and a new machine would cost $45,000 with a payback period of 3 years, what should you advise?

💡 Hint: Consider long-term costs versus short-term expenses.

Question 2

You face a project delay caused by equipment malfunction. How would you evaluate the decision to repair existing equipment versus replacing it?

💡 Hint: Focus on how time impacts project efficiency.

Challenge and get performance evaluation