Want to simplify machine replacement decisions? This paper introduces an innovative approach combining a Windows(TM) database package and a Visual Basic(TM) program for graphically analyzing machine replacement scenarios. The system leverages the database for easy and regular updates to cost elements associated with machine purchase, operation, and disposal. The Visual Basic(TM) program provides a user-friendly interface, enabling straightforward input, program control, and graphical output analysis using a mouse. The program seamlessly integrates with existing database, spreadsheet, and word-processing packages. The paper illustrates the practical application of this system by considering the graphical analysis of replacing an ambulance fleet. By combining data management and intuitive graphical analysis, this tool empowers decision-makers to make informed choices about machine replacement. The system's accessibility and ease of use can lead to more efficient resource allocation and optimized equipment lifecycles in various industries.
Published in the International Journal of Operations & Production Management, this study aligns with the journal's focus on optimizing operations and production processes. By providing a graphical analysis tool for machine replacement, the research directly addresses key decisions in operations management, contributing practical insights for enhancing efficiency and cost-effectiveness.