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Invest and Build New or replace what we have?
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Hi,
When does a company know when to relocate and build a new facility? Most of our equipment is aged, and hard to source parts for and maintain. We are in the food industry. Our current building is landlocked and we have a lot of trouble working with the space we have. When would it be worth to consider moving and building a new facility? Is there some magic formula?
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Engineering economics.
Buy vs Build.
Repair vs Replace.
New vs Old.
Any of the plethora of engineering economics textbooks will have these.
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