Overview

Terotechnology is a combination of management, financial, engineering, building and other practices applied to physical assets in pursuit of economic life cycle costs. It is concerned with the specification and design for reliability and maintainability of physical assets such as plant, machinery, equipment, buildings and structures. This book sets out in detail all the activities that should be carried out to ensure that organizations, which use terotechnology compete successfully and achieve consumer satisfaction. In addition to terotechnology the book has given a detailed analysis on how to use Life Cycle Costing (LCC) for decision making especially when it comes to procurement of capital equipment. Reliability Engineering together with its sub-topics of reliability, maintainability, availability, safety engineering and maintenance engineering has also been covered in detail. Depreciation and valuation of assets, acquisition of failure data and some definition of some relevant terms have been given. Some questions and answers have been included at the end of chapters one, four, seven and eight so as to give extra materials and also to assist students.

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