1. For this assignment, students will be expected to present grammatically correct work that contains reasoned arguments. Students should demonstrate that they have read and understood the study material. Students need to select any capital intensive asset and get realistic data and parameters from work place. If data is limited and/ or not available, then secondary data from purchasing, procurement, contractors, dealers, finance and/ or maintenance team and/ or publicly available sources or from previous organisation for similar types of assets can be acceptable. Constructive comment on the views expressed by the various authors is encouraged. In total, the submissions for this report should amount to between 1000 and 1500 words.
Need to define problem that a maintenance engineer faces in any organization in life cycle decisions. You need to communicate maintenance of assets in your work area from business perspective in a language that can be understood by the organization’s management for managing cost/ benefit and risks in an objective manner using life cycle costs.
Conduct a literature search for relevant resources (journal and conference papers) on Terotechnology, Capital Investment analysis and balancing capital expenditure and operational expenditure including maintenance and write a brief report on potential application, in your industry sector along with references at the end.
You need to prepare a report/technical paper to provide
1. Introduction with context of your organisation
2. Needs and expectations of stakeholders from maintenance of specific assets
3. Scope of your maintenance organisation to meet those expectations
4. Level of documented system for maintenance department
5. Commitment and support from leadership for risk based maintenance management
6. How Life Cycle Costing is used in maintenance decision making in your organisation
7. Any Gaps identified in current practice (appropriateness) when compared with good practices/ international standard
8. Conclusions with opportunities for improvement (along with reasons for your conclusions)
9. Supporting documents from your organisation as Appendix
2. What is time value of money? Explain using Excel on how compounding and discounting are used in capital investment decisions.
Select one of the plants or equipment recently installed/ planning to be procured or already replaced. Any alternative make and or capacity was/ is available which was not considered.
Use excel for analysis and attach file with formula used as embedded file in word document/ upload file in Moodle for analysing PW. AW. and FW. methods to determine investment opportunities should be undertaken. Use a MARR of 10%.
If you do not have real data, then use a refrigerator for replacing your old one. Search online or talk to a store for some info on price and various relevant costs. In this case, you might have operating costs based on different power requirements and warranties.
3. What are the different types of availability measures and how those are used in maintenance effectiveness analysis?
Calculate the achieved availability for equipment, knowing the following related data:
(a) M ct = 0.5hr
(b) MTBM u = 2.0hrs
(c) M pt = 2.0hrs
(d) MTBM s = 1,000hrs
N.B. MTBMu = Mean Time Between Maintenance (Unscheduled)
MTBMs = Mean Time Between Maintenance (Scheduled)
Use excel and attach file as embedded file in word document/ upload file in Moodle for your analysis.
Comment on what measure is used for analysing availability of plants and assets in your workplace or the workplace you have worked in the past or in your work experience/ project. Use one illustrative example from workplace on issues and challenges with current availability and propose plans for improving availability to achieve best practice in your industry.
4. Explain how maintainability is measured in your organisation. The Mct requirement for an equipment item is 65 min. and the established risk factor is 10%.
A maintainability test is accomplished and produced results given in the table below for the
45 testing tasks (Task times are in minutes)