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This is a Experimental Study study.

October 17, 2025Journal of Advanced Manufacturing Systems

A model for equipment replacement decisions in a manufacturing system

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Authors

HSHandini Novita SariState University of Semarang YİYusuf Tansel İçBaşkent University

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Implication

This study demonstrates a risk-avoidance NPV analysis model for equipment replacement decisions, highlighting its effectiveness in minimizing economic risks.

Key Points

The proposed model shows that optimal equipment replacement decisions can significantly reduce financial risks and improve production efficiency.
Using a new NPV analysis, outcomes indicated minimum NPVs of 2,359,148 EUR and 2,462,375 EUR under specific cost factors.
The methodology integrates the design of experiments, allowing decision-makers to strategically plan for equipment replacement.
This model aids in creating competitive manufacturing systems by mitigating the uncertainties associated with aging equipment.

Cite This Study

Sari et al. (2025) studied this question.

synapsesocial.com/papers/68f19f20de32064e504ddd68 https://doi.org/10.1142/s021968672750020x

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Implication

This study demonstrates a risk-avoidance NPV analysis model for equipment replacement decisions, highlighting its effectiveness in minimizing economic risks.

A model for equipment replacement decisions in a manufacturing system

Discussion

Member takes

Implication

Key Points

Cite This Study

A model for equipment replacement decisions in a manufacturing system

Discussion

Member takes

Implication

Key Points

Cite This Study

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