Authorised by Academic Registrar, April 1996
Objectives The student is expected to gain a basic understanding of the application techniques of terotechnology to increase profitability. Also the student is expected to gain familiarity with the issues of reliability and maintainability and their effect on the lifecycle costs of a plant.
Synopsis Introduction to asset management and terotechnology. Application of terotechnological techniques to increase an organisation's profitability. Lifecycle costs and costs of ownership. Design of plant, machinery, equipment, buildings and structures to improve maintainability and reliability and reduce lifecycle costs. The effect of installation and commissioning practice on the maintenance cost and lifecycle of an asset; standard procedures for installation and commissioning. Terotechnology aspects of engineering economics and accountancy, including risk analysis. Cost of using and maintaining assets. Asset purchase and replacement policies and techniques concerned with decisions to buy or replace major units of plant.
Assessment Examination: 60% + Assignments: 40%