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This paper aims to propose a novel model that addresses the limitations of current practices, through considering quantitative and qualitative criteria in the decision-making process for equipment replacement.

Literature review and consultation with professionals in the heavy construction industry was conducted to identify the criteria influencing the replacement of construction machines. A questionnaire survey using analytic hierarchy process and multi-attribute utility theory was used to rank these criteria and establish their utility scores. Sensitivity analysis was performed to assess how adjustments in the weights of main criteria would impact equipment replacement decisions.

The identified criteria were classified into three categories: economic, technical and socioenvironmental, encompassing a total of 15 criteria. The findings indicated that salvage value/meeting payback period/maximizing profitability held the highest importance in the replacement process, followed by considerations like high repair and maintenance cost; working condition and economic conditions. Safety and social benefits scored the least among all criteria and categories.

This study focuses on earth-moving equipment and involves experts from the Eastern Province of Saudi Arabia. The model introduces a novel methodology to aid decision-makers, particularly contractors and project managers, in determining when to replace heavy construction equipment, which results in resource efficiency and time saving.

The model integrates expertise and knowledge from experts to establish criteria for replacing construction equipment. This research aims to improve the functionality of the decision-making process regarding the acquisition or replacement of equipment throughout its lifespan.

Energy consumption has increased significantly since the 1970s, which has increased demand for sufficient infrastructure in the oil and gas industry. Many top-notch oil and gas companies invested in and equipped their facilities with high-capacity electrical equipment to meet high demand and benefit from high revenues. This is becoming a challenge nowadays for old facilities in the oil and gas industry, as most of the electrical equipment installed has reached or even exceeded its lifetime. Moreover, many of the original equipment manufacturers (OEMs) for electrical equipment from the 1980s are no longer in market today. Therefore, the aim of this study is to develop a proactive, cost-effective obsolescence management framework for electrical equipment in the oil and gas industry, considering the aging factor of the equipment.

Firstly, the study begins with gathering available information and identifying criteria. Secondly, the data collection is evaluated by subject-matter-experts (SMEs) in asset management field to ensure compliance with updated international standards and relevant regulatory requirements. Thirdly, a multi-criteria decision-making process is used to rank criteria. Finally, a scoring system is developed to measure the electrical equipment obsoleteness.

The developed framework will assist decision-makers in making informed decisions about maintenance, replacement or upgrades, using knowledge from previous studies and experts’ input. The result finding indicates that considering aging correction factors when measuring equipment obsoleteness leads to accurately and correctly predicting the electrical equipment obsoleteness score.

Previous studies have addressed obsolescence management without taking equipment age into account, regardless of how the equipment is performing. Thus, the lack of a comprehensive obsolescence management framework that accounts for both cost-effectiveness and the aging factor in the oil and gas industry poses a critical challenge.