Declining efficiency
Declining efficiency- Declining efficiency refers to a situation where a system, process, or individual's ability to produce desired outcomes or perform tasks decreases over time. It is a common issue…
UNIT‐II
Excessive maintenance
Excessive maintenance- Excessive maintenance refers to the situation where a system, machine, or process requires more maintenance or upkeep than is typically considered reasonable or cost-effective. This can apply to…
Obsolescence
Obsolescence- Obsolescence refers to the state of being outdated or no longer in use, usually because of advancements in technology, changes in consumer preferences, or the development of newer and…
Inadequacy
Inadequacy- Inadequacy refers to a feeling or perception of being insufficient, incapable, or not measuring up to a particular standard or expectation. It is often associated with a sense of…
Circumstances under which equipment are generally replaced
Circumstances under which equipment are generally replaced- Equipment is generally replaced under various circumstances, depending on the type of equipment and its usage. Here are some common circumstances under which…
Equipment Replacement Policies
Equipment Replacement Policies- Equipment replacement policies refer to a set of guidelines and decision-making processes that organizations use to determine when to replace or upgrade their equipment, machinery, or assets.…