INSTRUCTIONS

Replacement Theory solves Individual Replacement Problems [with time value of money as well as without time value of money] and Group Replacement Problems.

Group Replacement

Group Replacement Problem tab solves problem where the decision of periodic / group replacement / maintenance to be done.

• Enter the Number of Parts (No), Individual Replacement Cost of a part, Group Replacement Cost of Parts, Number of Years for which the data available for Calculations
• Press Generate Button
• This action generates the table with as many rows you request for input data available
• Enter the Probabilities of Failure in the respective year [0 to 1.0] & Press solution
• Save option allows you to save the problem data to the local system storage as a ‘.txt’ file
• Solution page contains Result Table, Group Replacement Policy Implications, Individual Replacement Cost and Suggestion for Group or Individual Replacement suitable for the case
• There is an option to save the solution as a PDF file