What question did this study set out to answer?

To examine diverse cost analysis methods for equipment replacement and develop a practical approach.

Cost Analysis for Equipment Replacement.

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Analysis evaluates cost comparison methods for equipment replacement, suggesting a simplified decision-making process.

To examine diverse cost analysis methods for equipment replacement and develop a practical approach.
Review existing literature on cost analysis for equipment replacement.
Identify diverse formulas and methods for computing costs.
Develop a logical framework for comparing equipment costs.
Clarified principles for comparing equipment alternatives.
Established a reliable method for cost measurement.
Simplified complex decision-making surrounding equipment replacement.

Walter B. McFarland (1947) studied this question.

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