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Optimal Replacement Cycles of Highway Operations Equipment (2018)

Chapter: Part II - Guide for Optimal Replacement Cycles of Highway Operations Equipment

« Previous: Appendix B - Equipment Replacement Process
Page 47
Suggested Citation:"Part II - Guide for Optimal Replacement Cycles of Highway Operations Equipment." National Academies of Sciences, Engineering, and Medicine. 2018. Optimal Replacement Cycles of Highway Operations Equipment. Washington, DC: The National Academies Press. doi: 10.17226/25036.
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Page 47
Page 48
Suggested Citation:"Part II - Guide for Optimal Replacement Cycles of Highway Operations Equipment." National Academies of Sciences, Engineering, and Medicine. 2018. Optimal Replacement Cycles of Highway Operations Equipment. Washington, DC: The National Academies Press. doi: 10.17226/25036.
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Page 48

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

Guide for Optimal Replacement Cycles of Highway Operations Equipment P a r t I I

C O N T E N T S P a r t I I Guide for Optimal Replacement Cycles of Highway Operations Equipment 49 Chapter 1 Introduction and Purpose 49 1.1 Importance of Fleet Planning and Replacement 49 1.2 Benefits of an Effective Equipment Replacement Program 51 Chapter 2 How to Use This Guide 52 Chapter 3 Life Cycle Cost Analysis 53 3.1 Class-Level LCCA for Determining Optimal Life Cycles 54 3.2 Unit-Level LCCA 55 3.3 Using LCCA in Replacement Decisions 57 Chapter 4 Equipment Classification Structure 59 Chapter 5 Equipment Replacement Factors 59 5.1 Age 59 5.2 Utilization 59 5.3 Depreciation 60 5.4 Maintenance and Repair Cost 63 5.5 Fuel Cost 63 5.6 Downtime Cost 64 5.7 Physical Condition and Mission Criticality 67 5.8 Overhead Cost 69 5.9 Obsolescence 70 5.10 Replacement Cost 71 Chapter 6 Equipment Replacement Processes 71 6.1 Organizational Considerations 72 6.2 Overview of Replacement Processes 74 Chapter 7 Case Example Illustrating Use of the Optimization Tool and Replacement Processes 84 Glossary

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TRB's National Cooperative Highway Research Program (NCHRP) Research Report 879: Optimal Replacement Cycles of Highway Operations Equipment acts as a handbook on equipment replacement concepts and an instruction manual for making cost-effective replacement decisions. The research report presents a process for determining replacement needs for highway operations equipment, identifying candidate equipment units for replacement, and preparing an annual equipment replacement program. The products include a guidance document and an Excel-based replacement optimization tool to support the equipment replacement process and facilitate its implementation.

Disclaimer - This software is offered as is, without warranty or promise of support of any kind either expressed or implied. Under no circumstance will the National Academy of Sciences, Engineering, and Medicine or the Transportation Research Board (collectively "TRB") be liable for any loss or damage caused by the installation or operation of this product. TRB makes no representation or warranty of any kind, expressed or implied, in fact or in law, including without limitation, the warranty of merchantability or the warranty of fitness for a particular purpose, and shall not in any case be liable for any consequential or special damages.

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