An availability model for the evaluation of equipment alternatives

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review

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Original languageEnglish
Pages (from-to)149-154
Journal / PublicationJournal of Operations Management
Volume3
Issue number3
Publication statusPublished - May 1983
Externally publishedYes

Abstract

An availability based model for the evaluation of alternatives in equipment replacement analysis is presented. The expected annual cost of an equipment alternative is developed as a function of availability. The least cost alternative for the desired availability is identified from cost vs. availability curves of the alternatives. A simulation approach is used to determine the availability of existing equipment. The methodology is applied to the evaluation of alternate equipment for the analysis of serum samples in a hospital laboratory. © 1983.