
The Equipment Overhaul Paradigm
Overhauling equipment is expected to bring it to an “as good as new” state. But is this really the case in reality? Equipment will deteriorate over time and progressively lose its ability to function. No matter how extensive the overhaul, the equipment will unlikely be up to the level of “newness” as when it rolled out of the assembly line. Sure, if you have this vintage automobile from the 1930s, and spend an absolute fortune on its overhaul, it might come close to being new again. But somewhere in the structure of this automobile, there will an element that is “as good as old” and vulnerable to imminent failure. Also remember that this vintage automobile is not out there generating revenue. There is no accountant running after you with regards to budget constraints or revenue increases. Where there is passion, cost might not matter.
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