The replacement tab includes two panels, Replacement by Score and Replacement by Year. This tab allows users to define replacement schedules for each model year of an asset within this class.
Replacement by Score Panel
Replacement Scoring takes into account more than just the life meter or age of the asset. With scoring, maintenance costs are also factored into the mix.
Refer to Replacement Scoring Report for more information on how the scoring calculates on the report and how to pull the report for planning.
Follow the below steps to add the replacement scoring information to the class file, ensuring the check mark is clicked for each field to save the changes:
Enter the following:
Estimated Years (number of years to keep the asset before it should be replaced)
Estimated Primary Meter (number of units/miles before the asset should be replaced)
Estimated Resale Value (What is realistically expected to be recouped when the asset is sold)
Low Service Requests Per Year (minimum number of service requests (WO’s or WO Lines) for each asset per year)
High Service Requests Per Year (maximum number of service requests (WO’s or WO Lines) for each asset per year
Service Request Count Type (Select WO or WOLine to determine if service request counts are based on number of overall work orders for the asset or number of individual work order lines for the asset)
Replacement by Year Panel
This will define the default replacement schedule for all assets matching the model year and classification. Individual assets may deviate from the default by editing them in the asset file under the replacement panel of the asset management tab.
Set replacement schedules are viewable in the panel and a new schedule can be added by clicking the + sign.
Follow the below steps to add a replacement schedule:
Click the + sign
Enter the desired asset year
Enter the base purchase price of the year model
Enter the projected year for replacement, this will apply a default to all model years assigned to this class
Enter the projected life meter of the asset
Enter the projected resale value for the asset
Enter the projected inflation percentage
Add all upfitting cost items that go into the asset to ensure total cost is accurate
Click Save
