Repair or Replace
The arithmetic that decides, written down before you are emotionally invested in a machine you have already half disassembled.
Module 7 of 74 lessonsWritten in full1 worksheet
The lessons
All 4, in the order they are read.
The worksheet
Repair-or-replace calculator
Fill both columns before you order a part. The decision line at the bottom is the whole point: it is computed, and you write it down while you are still able to be objective about a machine you have not yet taken apart.
| Line | Repair | Replace |
|---|---|---|
| Parts cost | — | Purchase price |
| Labour: your hours x what your time is worth, or the quote | — | Delivery and installation |
| Disposal or trade-in | — | — |
| Total cost | — | — |
| Expected remaining service life, years | — | Typical service life for the class of machine |
| Cost per remaining year | = total / years | = total / years |
