This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

MRE5005 - Quantitative techniques for asset management

6 points, SCA Band 2, 0.125 EFTSL

Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Engineering

Coordinator(s)

Dr Allen Tam

Offered

Gippsland

First semester 2016 (Off-campus)

Synopsis

Introduction to the techniques applicable to the analysis of feedback data obtained in the maintenance planning system, statistical techniques applied to maintenance activities, the need for data analysis, methods of presenting analysed data. Weibull analysis. Pareto Curves. Mathematical modelling of maintenance data. Monte Carlo simulation. Queuing theory. Determining optimum frequencies for fixed-time maintenance activities/shutdowns. Reliability and application of reliability data. Introduction to risk analysis.

Assessment

Assignments: 50%
Examination: 50%

Students must achieve a mark of 45% in each component (examination and cumulative assessment) and an overall mark of 50% to achieve an overall pass grade.

Workload requirements

150 hours

Chief examiner(s)

Dr Chris Thompson

Prohibitions

MRE5101 (masters only)