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Keywords: Life-cycle cost
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Journal Articles
Journal of Quality in Maintenance Engineering (2015) 21 (2): 207–226.
Published: 11 May 2015
... equipment, so it should be replaced (Verheyen, 1979). An essential economic consideration in industrial companies is to find a model that can discriminate this point (i.e. the point at which the equipment replacement time is expected to yield minimal life-cycle cost (LCC)). Obviously, for mining companies...
