APPLICATION OF MAINTENANCE AND REPLACEMENTMODELS TO ENHANCE EFFICIENCY OF EQUIPMENT.OBELE, REALMAN EVANS&GEORGE, ISOBEYE Department of Mathematics ,Ignatius Ajuru University of Education,Port Harcourt, Nigeria.
Abstract. In this study, the economic years of two equipment used in the production process of a certain company were determined using replacement and maintenance models. Two real life data sets on annual cost of maintenance and duration of the equipment under study were used. The replacement model with constant money value and an increasing […]