Design for Maintainability and Reliability

Assignment Help Management Theories

Reference no: EM132848642

MREGC5001 Terotechnology and Life Cycle Costs - Federation University

Assignment - Asset Management and Design for Maintainability and Reliability

Question 1. You the student will need to define a 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.

a) Introduction with context of your organisation/ proposed organisation

b) Needs and expectations of stakeholders from maintenance of any specific asset sat pump, motor, generator, bridge, boiler, transformer, pressure vessels, rail track, chiller, heater, compressor, heavy equipment or any other capital intensive industrial or infrastructure asset.

c) Scope of your maintenance organisation to meet those expectations using OPEX and CAPEX.

d) Level of documented system for maintenance department for asset management.

e) Commitment and support from leadership for risk-based maintenance management.

f) How Life Cycle Costing is used in maintenance decision making in your organisation.

g) Any Gaps identified in current practice (appropriateness) when compared with good practices/ international standard of lifecycle costing.

h) Conclusions with opportunities for improvement (along with reasons for your concluding statements)

i) Supporting documents from your organisation and/ or research as Appendix

j) References

Your report should also include answers to the following problems

Question 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 two or three alternative makes 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.

Parameters

Alternative Options

Initial investment: Annual Net receipts: Salvage value:

Study period in years:

Question 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) ‾Mct = 0.85hr

b) ‾MTBMu = 2.75hrs

c) ‾Mpt = 2.75hrs

d) ‾MTBMs = 1,750hrs

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 with your analysis.

Comment on what measure is used for analysing availability in your workplace or the workplace you have worked in the past or in your work experience/ maintenance project.

Question 4. Explain how maintainability is measured. The contract requirement for an equipment item for maintenance is 63 min. and the established risk factor is 10%.

mainAtainability test is accomplished and produced results given in the table below for the 4 0 testing tasks (Task times are in minutes)

45	57	60	60	74	63	66	70	85	75
45	43	54	65	47	40	53	32	48	73
64	82	36	63	68	70	52	45	86	36
74	67	70	96	45	58	82	32	56	58

Attachment:- Asset Management and Design.rar

Reference no: EM132848642

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