Optimal Replacement Cycles of Highway Operations Equipment (2018) / Chapter Skim
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3 S U M M A R Y Fleet assets are vital resources for highway agency programs and service delivery. Highway agencies make huge capital investments each year to replace equipment and spend equally large sums of money to operate and maintain the fleet.
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4 two distinctly different exercises. Keeping with the project objectives, the project sought to develop processes and tools that are rational and realistic to help fleet managers and administrators with the task of equipment replacement.
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5 • Obsolescence, • Replacement cost, • Purchase price, • Cost of money, and • Soft cost. Each of these factors was evaluated to determine its relevance to highway operations equipment.
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6 other factors and considerations to arrive at the best decision. The process is time consuming and requires continual effort.
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7 The project research identified data quality as a major concern. An effort should be made to develop standards or guidelines for reporting and tracking equipment maintenance and repair cost.
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