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|Order/Rank Replacement Policy
of the different asset
replacement policies. Also
referred to as "rank replacement policy"
A policy in which assets are scheduled for replacement in a specific order based on the principles of:
Candidate Assets and Attributes:
Generally, this approach applies to assets that have the following attributes:
Listed below are some examples of order/rank replacement projects:
Fig. Network of different asset replacement strategies
Fig. Hallway assets, such as carpets, painting and mouldings are often addressed on an order replacement approach.
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