homework help

Replacement Policy for Equipment Which Suddenly Fails

Personalized homework help for all major subjects.

Order confidently with our risk free, 14-day money-back guarantee.

  • ✔️ No sign-up required
  • | 🔒 100% Confidential

Our Expert Writers

We proudly boast a team of expert professionals with verified academic credentials, selected for their proven skills and flexibility through a strict process.

Engage with experts from the top universities across the globe.

Get Homework Help Instantly

Say goodbye to homework stress! 📚 Just share your details and we’ll whip up an affordable quote in no time – often within 15 minutes.

Get started now for FREE!

Submit Your Homework

Let our experts help you with your college homework

Individual Replacement Policy

In this policy, there is a specific replacement time of an equipment irrespective of its break down which is depicted by ‘t’. If any user knows the time period regardingthe utilisation of the equipment and also itsprecise service period, the calculation can be made easily. This policy is very convenient in calculating a bearing’s replacement time. It does not matter if stops functioning or not.

This replacement of bearing is very important as its failure can cause severe damage to a machine. In fact, the repair cost of the machinery will be much higher than the repair cost of a bearing. Production loss and loss of funds in case of equipment due to sudden failure can be avoided if one can find out ‘t’ which here is the ideal service life.

Although the previously issues can be avoidedwith this policy, but there is also a differentwastage chance. On the grounds of preventive measurement when few items are replaced on fixed interval, some of it may be left with residual life. On replacement, these goes waste which again is a fund loss type. Those items could have a relatively good performance life whose utility period is reduced due to its substitution with new equipment.

In case of individual replacement policy, the system is very simple. To make it clear, anexample of street lights are taken which needs to be replaced by city corporation. If this theory is used here, then the replacement of lights can be done immediately and simultaneously where the break down takes place. On adoption of this theory, unnecessary costing can be avoided for those lights with residual life.

Analysis of replacement cost for equipment which breaks down without any warning is close to the findings of theprobability of human mortality rate. It can also be compared to the claims of life or death of a policy holder by insurance companies.

The comparison of human life and death in respect to replacement theory is also apt. Here failure or break down is associated with mortality, whereas replacement or replacement theory is compared to birth.

Few assumptions are made to highlight these problems in relation to humans and equipment.

  • Any break downs or deaths are instantly substituted by replacement parts of machinery or birth.
  • There are no other exceptions for entry and exit apart from this.

We have to find out the rate of failure of individual equipment in a system before a certain period. The motto of this is to reduce the level of replacement costing by finding out the ideal time when any equipment needs replacement.

The probability of any equipment’s break down is shown with the help of an equation which is highlighted between the time period ‘t’ and ‘(t – 1).

P = ( )


(t – 1) = time period

F (t) = number of surviving equipment

N = total number of equipment



Links of Previous Main Topic:-

Links of Next Finance Topics:-

Your Price: $11.00 $10.00

Pricing may change based on requirements

Descriptive text for the image

Get Homework Help In

Maths and Statistics


Humanities & Arts


Essay Writing

How Our Homework Service Works

FAQ number 1

Share your requirements

FAQ number 2

Make secure payment

FAQ number 3

Get homework answers

FAQ - Frequently Asked Questions

Discover quick answers in our FAQ, covering the most common customer questions about our homework help service.

Is your homework service confidential?


Absolutely! Confidentiality is one of the basic guarantees of our service at MyHomeworkHelp.com.

When our customers make their homework orders, they know their information remains 100% confidential.

Even your homework writer will not be provided with your personal details. So, when you hire a professional homework helper on our website, rest assured that your information will remain private and safe.

For a comprehensive understanding of how we protect your privacy, please refer to our Privacy Policy.

Who will help me with my homework?


We work with subject experts from all over the world. We hire them with the help of complex tests in the disciplines of their expertise. We also verify the IDs and academic transcripts of our homework writers to be sure that our experts have a bachelor's or master’s or a PhD degree. This is how we can be sure of the proficiency of our panel of experts who will help you with your homework.

Is it legal to ask for help with homework?


Seeking homework help is perfectly fine and shows your proactive approach to overcoming challenges. But it's important to use our homework service to enhance your understanding, not to replace your own efforts.

Our homework service offers original solutions for personal use, including:

  • Generating ideas or arguments for your research.
  • Deepening your subject comprehension.
  • Direct citation, with proper referencing.

However, it's crucial to avoid plagiarism by not submitting our work as your own. Make sure to check your institution's academic integrity policies before using our services. Our goal is to support your educational journey in a responsible and beneficial way. Refer our honor code for more details.

Is myhomeworkhelp.com legit?


Yes, myhomeworkhelp.com is completely legitimate. We've been successfully connecting students with top experts worldwide since 2012, offering direct, secure communication for a seamless learning experience. With over thousands of students helped and a commitment to innovative, effective education tools, we're dedicated to making learning easier and more accessible for everyone.

You can read our reviews here on Trustpilot and Sitejabber (Independent, verified reviews from buying customers) like you!

Is there a possibility of plagiarism in my completed order?


Unlike our competitors who use cheap and ineffective in -house plagiarism software, MyHomeworkHelp.com uses credible software to check your homework solution originality. We guarantee that your paper will pass TurnItIn checks with a low percentage of similarity. In addition, we also check submitted papers for ai-content using Originality.ai.

You will receive a complemantary plagiarism free report with your completed order.

What makes you one of the best homework help website?


We are not number 1 (yet!). We're an independent, bootstrapped business standing up to Big EdTech for last 12 years. So it means a lot that folks like you are willing to consider our services for your educational needs.

Myhomework Help is recognized as one of the premier websites for homework answers for three key reasons.

  1. Firstly, we pride ourselves on the expertise and qualifications of our tutors/experts, who are selected through a rigorous vetting process to ensure they can provide best academic assistance across a wide range of subjects.
  2. Secondly, our response time to student inquiries is fast (as early as few minutes), reflecting our understanding of the importance of timely support in an academic setting.
  3. Lastly, we keep our pricing very student friendly. Our aim is to provide the best learning experience to students like yourself without burning a hole in your pockets.