Based on the characteristics of petroleum equipment renewal,this paper uses annual cost method to construct target functions,develops a set of method to adapt decision making on equipment renewal,and also gives related formulas and application examples.

• 针对石油企业设备更新的特点,采用年值成本法构造目标函数,建立了一套适合石油企业设备更新决策的方法,并给出了相关计算公式和应用实例。