Article ID: | iaor199124 |
Country: | United States |
Volume: | 29 |
Start Page Number: | 23 |
End Page Number: | 27 |
Publication Date: | Sep 1988 |
Journal: | Production and Inventory Management Journal |
Authors: | Hsu John I.S. |
Keywords: | maintenance, repair & replacement |
Business firms have historically had difficulties in determining an appropriate approach to equipment replacement planning. The results of a survey of some Fortune 500 companies indicate considerable progress in the application of replacement theory to this problem. Operational, economic, and organizational problems still remain, as well as a lack of training programs to develop equipment replacement managers.