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blended remaining life of all the components
of an asset achieved
through an aggregation and weighting
of the individual unbundled lives. In other words, a type of roll-up of all the
individual lives into a single life estimation.
Bundled life is useful for the aggregation of large volumes of data for general planning purpose without being overwhelmed by minutae. Bundled life estimation may not always be pragmatic and practical in some applications, particularly with bounded assets and in the case of statutory maintenance requirements.
Fig. The generator is made up of many components (such as hoses, filters, batteries, bellows) which each have separate lives that can be rolled-up to a bundled life estimation for planning purposes.
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