units
MRE5001
Faculty of Engineering
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6 points, SCA Band 2, 0.125 EFTSL
SynopsisIntroduction to asset management and terotechnology. Application of terotechnological techniques to increase profitability. Life cycle costs and the costs of ownership; assets as the profit generators; impact of maintenance on profitability. Maintenance budgets and cost control. Terotechnological aspects of engineering economics and accountancy. Terotechnology and maintenance performance ratios. Introduction to asset purchase/ replacement policies and those techniques concerned with economic decisions to buy or replace major units of plant. Design/redesign of plant to improve maintainability and reduce life cycle costs; design maintenance techniques. Assessment
Assignments: 50%, Examinations: 50% Chief examiner(s)Contact hours150 hours of study |