A model for lifetime analysis- application to clinical laboratory instruments using computer facilities
1987
Investment Model for Analyzing Clinical Laboratory Instruments
publication
Evidence: moderate
Author Information
Author(s): F. R. Hindriks, W. Liet, A. Bosman
Primary Institution: University Hospital Groningen
Hypothesis
Can an investment model be developed to estimate the economic lifetime of clinical laboratory instruments?
Conclusion
The investment model can help determine the optimal economic lifetime of laboratory instruments by minimizing costs.
Supporting Evidence
- The model can be adjusted retrospectively based on actual costs.
- It provides a systematic approach to investment decisions in laboratory settings.
- The economic lifetime is determined by minimizing the average cost per product.
Takeaway
This study created a model to help labs figure out how long they should use their machines before replacing them to save money.
Methodology
The model estimates the economic lifetime of laboratory instruments based on costs and production data.
Limitations
The model assumes constant production quantities and prices, which may not reflect real-world changes.
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