Replacement time
The replacement time for a resource is to REFA the date on which it is exchanged for a new one. The optimal point in time is when the output annuities of the old resource begin to exceed that of a new one with the same performance.
Individual evidence
- ↑ REFA - Association for Work Studies and Business Organization e. V. (Ed.): Methodology of business organization. Lexicon of the company organization. Carl Hanser, Munich 1993, ISBN 3-446-17523-7 , p. 73.