1. Project on Replacement Presented By: Abhishek Singh KshitizSrivastava

3. Company Profile

4. Objective of the Project

5. Methodology

6. Data collection and Analysis

7. Conclusion

9. ACCMAN INSTITUTE OF MANAGEMENT Founded in the Year 2003 by BALIBHADRA FOUNDATION - a New Delhi based educational trust, promoted by a group of visionary and leading practicing professionals with a mission of providing high quality, relevant, career-oriented, Industry focused tailor-made business programmes at an affordable cost. F O U N D A T I O N

10. ACCMAN INSTITUTE OF MANAGEMENT Situated at - 46A/2, Knowledge Park – III, Greater Noida, G B Nagar, PIN - 201308 (U.P.) Contact details - Telephone: 0120 – 2323800 - 02 Fax: 0120-2323805 E-Mail: accmanschool@hotmail.com , info@accman.co.in

11. ACCMAN INSTITUTE OF MANAGEMENT Construction work in Progress. In January 2005.

12. ACCMAN INSTITUTE OF MANAGEMENT Construction work at completion stage, June 2006.

13. ACCMAN INSTITUTE OF MANAGEMENT Opening year 2006 Front Office

14. ACCMAN INSTITUTE OF MANAGEMENT

15. (Hon’ble Chairman)

16. Dr. K B L Mathur Former Chief Economic Advisor, Govt. of India.

17. Prof. B D SINGH Ex. Chairman NALCO, Sr. Prof at IMT Ghaziabad.

18. ShriJaspalRana, Arjuna& Padam- Shree Awardees and Gold Medalist in Asian & Common wealth Games

19. Prof. Rajiv Singh FCA , Senior faculty and Member, Board of Governors, ACCMAN Institute, praising the anchor of the programme

20. ShriAseemChawla, Partner Amarchand & Mangal Das & Suresh Shroff & Co. Member Executive Committee of Income Tax Appellate Tribunal

22. 2008: Institute increases the seats of PGDM from 60 to 120.

23. 2009: Institute got the permission of running PGDM-Marketing course from the All India Council of Technical Education merely 4 years after their establishment.

25. Replace the computer System, If needed.

28. Its scrap value is constant and

29. The Money value is not considered. Let C = Cost of Machine S = Scrap value of the machine at time t. and, Cm(t) = Maintenance cost of machine at time t, [Cm(t) increases with t]. Case 1 : When time ‘t’ is a continuous variable.

32. Purchased on 30th July 2006.

33. Two Computer Attendant with salary Rs.4000 each.

34. Two Lab Assistant with salary Rs. 6000 each.

36. Calculations of Average Running Cost for System

37. The calculations in table show that the average cost is lowest during the 2010-11 year. Hence, the machine should be replaced after fifth year, otherwise the average cost per year for running the machine would start increasing.

39. 2GB RAM

40. 160 GB Hard disk

41. DVD ROM

42. Inter original Mother board

43. Multimedia keyboard

45. Cost of one System 20,000 Rs.

46. One System consume 150W.Other things are same as previous .

47. Yearly Total Maintenance cost-:

48. Calculations of Average Running Cost for new machine

49. Conclusion From this project we came to the conclusion that after a certain period of time each and every machine deteriorates and it needs to be replaced by the new one for minimizing the maintenance cost. For this purpose Replacement Theory proves to be the best Management Science Tool.

52. Mr. AvnishSheth

53. Mr. J.S. Rana