... addresses the effects of equipment age on financial costs, is a companion piece to Peltz et al. (2004),which studied the effects of age on readiness.Organization of this Document The remainder of ... Mission Critical FailuresReadiness is a function of the mission critical failure rate and maintenanceturnaround or “broke-to-fix” time. As part of research on the effects of age on readiness, ... 2004).5 Eric Peltz et al., The Effects of Equipment Age on Mission Critical Failure Rates: A Study of M1 Tanks, SantaMonica, CA: RAND Corporation, MR-1789-A, 2004, p. 27.There is no evidence that...