Abstract: Construction equipment is a high cost of capital investment necessary for the successful existence of a private construction company .The highest impact cost factor other than the initial purchase investment is the expenses related to maintenance and repair. As the equipment ages, the ownership costs decrease and the operating expenses increase as the maintenance and repairs requirements grow. Both private and public entities desire to manage this high investment for optimization of a perceived profit. This project recommends a decision support model that can be used by private and public entities alike to determine the best fit acquisition method and guidance for profitability optimization. Methods of life cycle cost estimating and decision methods were researched and compared. Data was acquired from equipment rental companies and private construction companies. This data was analyzed to select the appropriate decision factors and develop the Decision Model.
Keywords: Construction equipment, acquisition, equipment management.
Title: A METHODOLOGY TO SELECT CONSTRUCTION EQUIPMENT ACQUISITION METHOD
Author: Ms. Neha Shinde, Prof. Rahul Shinde
International Journal of Civil and Structural Engineering Research
ISSN 2348-7607 (Online)
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