Describes a problem faced by the management wherein a decision has to be made whether to buy a Turret Lathe or an Automat to replace the worn-out Turret Lathe. Facts and figures on equipment cost, and operating and maintenance costs for the two types of equipment are given. Students are required to make a thorough analysis, based on which a decision is to be recommended. For class assignment, students are asked to make a decision and support the same with a meaningful analysis.