| 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.