Top 6 Methods Used for Equipment Replacement Studies

Following are some of the important methods which are used for equipment replacement studies: 1. Pay-Back Period Method 2. Total Life Average Method 3. Annual Cost Method 4. Present Worth Method 5. Rate of Return Method 6. M.A.P.I. Method. 1. Pay-Back Period Method: This method of equipment replacement studies determines as to how long it will take (in years) to [...]