For the situations you described in Problems 10.1 through 10.4, describe the risks associated with the existing equipment and with the prospective new equipment.
Problem 1
Describe a problem in replacement analysis in which the replacement was being considered due to reduced performance of the existing equipment.
Problem 4
Describe a problem in replacement analysis in which the replacement was being considered due to the risk of catastrophic failure or unplanned replacement of the existing equipment.