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Order/Rank Replacement Policy
One 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:
  • Asset with an upstream or downstream relationship to adjoining assets

  • Hallway Carpets
  • Hallway Painting

For example:
Listed below are some examples of order/rank replacement projects:
  • Hallway walls will be painted before new hallway carpets are installed. [Sequence of Operations].
  • The roof was replaced before we installed a new rooftop makeup air unit.


Fig. Network of different asset replacement strategies

Fig. Hallway assets, such as carpets, painting and mouldings are often addressed on an order replacement approach.

See also:
Compare with:

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