fix and keep or sell and buy new….
on heavy and light equipment.
the method to be implemented :-
(opportunity cost and alternative analysis.) from engineering economics.
scope of work.
To decide whether to fix and keep equipment or sell and buy new...
1. using alternative analysis and opportunity cost engineering economics
2. life cycle cost analysis
3. return on investment
[url removed, login to view] equivalent cost
formulated on excel implementing engineering economics formulas and equations and decision tools...
the final outcome should point us to either fix and keep or sell and buy new according to the annual equivalent cost