GEG7014

Terotechnology and lifecycle costs

Introduction to asset management and terotechnology. The application of terotechnological techniques to increase profitability of an organisation. Lifecycle costs and the costs of ownership; assets as the profit generators; impact of maintenance on profitability and lifecycle costs. Introduction to asset management systems that can be used to ensure that maintenance costs are considered throughout the lifecycle of equipment. Maintenance budgets and cost control. Terotechnological aspects of engineering economics and accountancy, including risk analysis. Terotechnology and maintenance control ratios. Introduction to asset purchase/replacement policies and those techniques concerned with decisions to buy or replace major units of plant. Design/redesign of plant to improve maintainability, reliability and reduce lifecycle costs; design maintenance techniques. Application of CAD/CAM to the maintenance department. Introduction to the effect of installation and commissioning practice on the maintenance cost and lifecycle of an asset; installation and commissioning standard procedure.

Back to the 1999 Distance Education Handbook