Answer to Question #299955 in Engineering for Asker

Question

Knowing that the assignment 1's system/asset was about the Eirish Mixer located in the mixing area of the Monolithic Plant:

5- Undertake the required quantitative analysis to determine whether the selected renewal/replacement strategy is acceptable/efficient. Suggest alternatives if appropriate and substantiate your suggestions. Your answer may include consideration of more than one strategy

6- Determine the optimum/safe renewal/replacement criteria in terms of total cost, cost rate, inspection interval or number of inspection and identify benefit; e.g annual saving that may be defined as a result of the analysis.