Old used 200 t crawler crane is available for purchase. What are the guidelines/ thumb rules for assessing its cost ?
Supply vs demand Extreme examples: If the crane is no longer needed anywhere, the cost will be 0; no demand. If the crane still has a unique useable function and there is only one available, it's immediate cost will be very high; no supply. So, assuming that the cranes supply/demand is somewhere in the middle, the methodology for assessing it's cost would be to evaluate the following: * Where is it located with respect to where it is needed? (place value) * How quickly do I need it, and how quickly can I get the crane? (time value) * What alternative solutions are available? * How much do other similar cranes cost? * etc Hope this helps!
