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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
