Parameter
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Description
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Replacement objective
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Indicates the replacement objective. Choices are:
• Minimize cost. When selected, the objective is to minimize the overall cost of the system over the long term. Fields for entering the costs associated with planned and unplanned replacements appear beneath Cost of replacement, which is shown on the right.
• Minimize downtime. When selected, the objective is to minimize the downtime of the system (unavailability). Fields for entering the time associated with planned and unplanned replacements appear beneath Downtime of replacement, which is shown on the right.
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Replacement time interval
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The starting and ending points in time for the replacement interval. The default for Minimum is 0. Before you can go to the next page, you must enter a value less than the default value for Maximum. You can also enter a different starting point value for Minimum.
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Replace based on
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Indicates the maintenance policy to use. Choices are:
• Failure or age. When selected, components are replaced upon failure or at a predefined age.
• Failure or block of time. When selected, components are replaced upon failure or at predefined time, regardless of the age of the component or part being replaced. Maximum number of failures in replacement Interval becomes available.
For more information, see Component Replacement Policies.
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Cost of replacement
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When the objective is to minimize cost, Planned and Unplanned are shown under Cost of replacement so that you can specify the costs associated with planned and unplanned replacements.
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Downtime of replacement
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When the objective is to minimize downtime, Planned and Unplanned are shown under Downtime of replacement so that you can specify the downtime associated with planned and unplanned replacements.
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Maximum number of failures in replacement interval
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The maximum number of replacements that can occur due to failure in the replacement time interval. This parameter is available only if Failure or block of time is selected as the maintenance policy for Replace based on. The default is 5.
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