Upgrade vs. replacement: a practical guide to decision-making [industrial power apparatus]

Power equipment upgrade vs. replacement decisions are often encountered in the manufacturing environment. A systematic model can be used to aid in the decision-making process. Many variables must be analyzed in order to reach a wise decision. This framework for decision-making includes identifying objectives, indicators of success, alternative strategies, and an operational plan. A check list-type approach is useful for analyzing the suggested variables which should be considered when making an upgrade vs. replacement decision