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Encyclopedia > Replacement value

The term replacement cost refers to the amount that a company would have to pay, at the present time, to replace any one of its assets.


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Value over replacement player - Wikipedia, the free encyclopedia (534 words)
In baseball, value over replacement player (or VORP) is a statistic which demonstrates how much a player contributes offensively and defensively to his team in comparison to a fictitious "replacement player," who is an average fielder at his position and a below average hitter.
The real controversy of VORP surrounds where the replacement level is set; many equations and methods exist for finding the replacement level, but most will set the level somewhere around 80% of the league average, in terms of runs per out.
Now multiply that number (of runs) by.8, or whatever level your replacement equations give you; this is the number of runs you could expect a "replacement player" to put up for that number of outs.
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