replacement factor


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replacement factor

The estimated percentage of equipment or repair parts in use that will require replacement during a given period due to wearing out beyond repair, enemy action, abandonment, pilferage, and other causes except catastrophes.
References in periodicals archive ?
This hard quantity comes in the form of a replacement factor. Indirect materiel, by contrast to the first two, experiences independent demand.
However, like computers, the wear factor for the newer telehandlers is not that severe year-to-year and the replacement factor has dropped.
"If we look back 10 years ago, it was the peak growth time for new VCRs, so the replacement factor is working."
The average life of LVBs is estimated to be about three years and the annual replacement factor for motorcycles would be 3.33, for motor cars 8.33, for trucks 6.67, for tractors 1.67, for buses 11.66 rickshaws 3.33 and for other vehicles 5.
The respondent companies in the energy industry stated that contractors should set their fees to include: Salary value of the work, plus a benefit replacement factor of 25 - 30%, plus Overhead (generally 10%).
The tyre market is less sensitive to economic downturns as it is largely driven by the replacement factor. While new passenger car sales in Russia more than halved in 2009 vs 2008, new tyre sales declined only 36% YoY.
This process is easily understood with a 100-percent replacement factor and few parts on the BOM.
Criticality is a function of three sets of elements; job complexity, risk of departure and replacement factors. This analysis provides a criticality factor that enables positions to be ranked and prioritised.
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