Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment

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PŠUNDER, Igor .
Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment. 
Strojniški vestnik - Journal of Mechanical Engineering, [S.l.], v. 52, n.4, p. 242-249, august 2017. 
ISSN 0039-2480.
Available at: <https://www.sv-jme.eu/article/managing-the-functional-obsolescence-of-machinery-and-equipment-the-quotient-of-curability-of-functional-obsolescence-as-a-basis-for-decisions-made-about-the-renovation-or-replacement-of-machinery-an/>. Date accessed: 21 feb. 2020. 
doi:http://dx.doi.org/.
Pšunder, I.
(2006).
Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment.
Strojniški vestnik - Journal of Mechanical Engineering, 52(4), 242-249.
doi:http://dx.doi.org/
@article{.,
	author = {Igor  Pšunder},
	title = {Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment},
	journal = {Strojniški vestnik - Journal of Mechanical Engineering},
	volume = {52},
	number = {4},
	year = {2006},
	keywords = {functional obsolescence; curability quotient; machinery; equipment; renovation; replacement; },
	abstract = {The functional obsolescence of machinery and equipment often appears in the wake of physical deterioration and economic obsolescence. Decisions made about the renovation or replacement of machinery and equipment are mainly based on the last two types of deterioration and are therefore dependent on the physical condition of the machinery and equipment or on external circumstances, e.g., regulation changes. Such decisions are usually not supported by studies of economic feasibility. Economically feasible renovation or replacement of machinery and equipment is usually primarily dependent on functional obsolescence. The paper is a detailed study of the role of functional obsolescence in the process of making decisions about renovation and the replacement of machinery and equipment. We have given special attention to measuring the curability of this obsolescence. We have, for this reason, introduced the term quotient of curability of functional obsolescence. This quotient is based on the relation between the present value of the quantified effects of functional obsolescence for machinery and equipment, and the investment necessary for its repair.},
	issn = {0039-2480},	pages = {242-249},	doi = {},
	url = {https://www.sv-jme.eu/article/managing-the-functional-obsolescence-of-machinery-and-equipment-the-quotient-of-curability-of-functional-obsolescence-as-a-basis-for-decisions-made-about-the-renovation-or-replacement-of-machinery-an/}
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Pšunder, I.
2006 August 52. Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment. Strojniški vestnik - Journal of Mechanical Engineering. [Online] 52:4
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%9 functional obsolescence; curability quotient; machinery; equipment; renovation; replacement; 
%! Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment
%K functional obsolescence; curability quotient; machinery; equipment; renovation; replacement; 
%X The functional obsolescence of machinery and equipment often appears in the wake of physical deterioration and economic obsolescence. Decisions made about the renovation or replacement of machinery and equipment are mainly based on the last two types of deterioration and are therefore dependent on the physical condition of the machinery and equipment or on external circumstances, e.g., regulation changes. Such decisions are usually not supported by studies of economic feasibility. Economically feasible renovation or replacement of machinery and equipment is usually primarily dependent on functional obsolescence. The paper is a detailed study of the role of functional obsolescence in the process of making decisions about renovation and the replacement of machinery and equipment. We have given special attention to measuring the curability of this obsolescence. We have, for this reason, introduced the term quotient of curability of functional obsolescence. This quotient is based on the relation between the present value of the quantified effects of functional obsolescence for machinery and equipment, and the investment necessary for its repair.
%U https://www.sv-jme.eu/article/managing-the-functional-obsolescence-of-machinery-and-equipment-the-quotient-of-curability-of-functional-obsolescence-as-a-basis-for-decisions-made-about-the-renovation-or-replacement-of-machinery-an/
%0 Journal Article
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%J Strojniški vestnik - Journal of Mechanical Engineering
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Pšunder, Igor.
"Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment." Strojniški vestnik - Journal of Mechanical Engineering [Online], 52.4 (2006): 242-249. Web.  21 Feb. 2020
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PY  - 2006
TI  - Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment
JF  - Strojniški vestnik - Journal of Mechanical Engineering
DO  - 
KW  - functional obsolescence; curability quotient; machinery; equipment; renovation; replacement; 
N2  - The functional obsolescence of machinery and equipment often appears in the wake of physical deterioration and economic obsolescence. Decisions made about the renovation or replacement of machinery and equipment are mainly based on the last two types of deterioration and are therefore dependent on the physical condition of the machinery and equipment or on external circumstances, e.g., regulation changes. Such decisions are usually not supported by studies of economic feasibility. Economically feasible renovation or replacement of machinery and equipment is usually primarily dependent on functional obsolescence. The paper is a detailed study of the role of functional obsolescence in the process of making decisions about renovation and the replacement of machinery and equipment. We have given special attention to measuring the curability of this obsolescence. We have, for this reason, introduced the term quotient of curability of functional obsolescence. This quotient is based on the relation between the present value of the quantified effects of functional obsolescence for machinery and equipment, and the investment necessary for its repair.
UR  - https://www.sv-jme.eu/article/managing-the-functional-obsolescence-of-machinery-and-equipment-the-quotient-of-curability-of-functional-obsolescence-as-a-basis-for-decisions-made-about-the-renovation-or-replacement-of-machinery-an/
@article{{}{.},
	author = {Pšunder, I.},
	title = {Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment},
	journal = {Strojniški vestnik - Journal of Mechanical Engineering},
	volume = {52},
	number = {4},
	year = {2006},
	doi = {},
	url = {https://www.sv-jme.eu/article/managing-the-functional-obsolescence-of-machinery-and-equipment-the-quotient-of-curability-of-functional-obsolescence-as-a-basis-for-decisions-made-about-the-renovation-or-replacement-of-machinery-an/}
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TY  - JOUR
AU  - Pšunder, Igor 
PY  - 2017/08/18
TI  - Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment
JF  - Strojniški vestnik - Journal of Mechanical Engineering; Vol 52, No 4 (2006): Strojniški vestnik - Journal of Mechanical Engineering
DO  - 
KW  - functional obsolescence, curability quotient, machinery, equipment, renovation, replacement, 
N2  - The functional obsolescence of machinery and equipment often appears in the wake of physical deterioration and economic obsolescence. Decisions made about the renovation or replacement of machinery and equipment are mainly based on the last two types of deterioration and are therefore dependent on the physical condition of the machinery and equipment or on external circumstances, e.g., regulation changes. Such decisions are usually not supported by studies of economic feasibility. Economically feasible renovation or replacement of machinery and equipment is usually primarily dependent on functional obsolescence. The paper is a detailed study of the role of functional obsolescence in the process of making decisions about renovation and the replacement of machinery and equipment. We have given special attention to measuring the curability of this obsolescence. We have, for this reason, introduced the term quotient of curability of functional obsolescence. This quotient is based on the relation between the present value of the quantified effects of functional obsolescence for machinery and equipment, and the investment necessary for its repair.
UR  - https://www.sv-jme.eu/article/managing-the-functional-obsolescence-of-machinery-and-equipment-the-quotient-of-curability-of-functional-obsolescence-as-a-basis-for-decisions-made-about-the-renovation-or-replacement-of-machinery-an/
Pšunder, Igor"Managing the Functional Obsolescence of Machinery and Equipment: the Quotient of Curability of Functional Obsolescence as a Basis for Decisions Made about the Renovation or Replacement of Machinery and Equipment" Strojniški vestnik - Journal of Mechanical Engineering [Online], Volume 52 Number 4 (18 August 2017)

Authors

Affiliations

  • University of Maribor, Faculty of Mechanical Engineering, Slovenia

Paper's information

Strojniški vestnik - Journal of Mechanical Engineering 52(2006)4, 242-249

The functional obsolescence of machinery and equipment often appears in the wake of physical deterioration and economic obsolescence. Decisions made about the renovation or replacement of machinery and equipment are mainly based on the last two types of deterioration and are therefore dependent on the physical condition of the machinery and equipment or on external circumstances, e.g., regulation changes. Such decisions are usually not supported by studies of economic feasibility. Economically feasible renovation or replacement of machinery and equipment is usually primarily dependent on functional obsolescence. The paper is a detailed study of the role of functional obsolescence in the process of making decisions about renovation and the replacement of machinery and equipment. We have given special attention to measuring the curability of this obsolescence. We have, for this reason, introduced the term quotient of curability of functional obsolescence. This quotient is based on the relation between the present value of the quantified effects of functional obsolescence for machinery and equipment, and the investment necessary for its repair.

functional obsolescence; curability quotient; machinery; equipment; renovation; replacement;