This chapter discusses terotechnology and maintenance in industry. Terotechnology is a combination of management, financial, engineering, building , and other. A short presentation on Tero-Technology and Tribology. Better maintenance and higher reliability of plant and equipment. Lower costs Tero technology and Tribology – Maintenance Management.
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Standards are also reviewed periodically; a standard along with amendments is reaffirmed when such review indicates that no changes are needed; if the review indicates that changes are needed, it is taken up for revision. Examples of this are not hard to find. Decisions are influenced by feedback on design, performance and costs information throughout the life cycle of a project. This is discussed in more detail in Section 3. Every form of investment analysis is based on such assumptions.
These techniques and disciplines include the following: Small organizations face problems as mzintenance as those faced by the larger; more complex organizations.
Discounted cash flow, investment appraisal. An organization will be said to be practicing terotechnology when it is consciously managing the cost of owning its assets.
At the time of publication, the edition indicated was valid. The blend and depth required of each will depend on the particular circumstances in which terotechnology is being applied. This Indian Standard has been developed from Doc: For example, a company may decide to improve maintenance and reduce downtime on existing plant; although the trade-off between initial capital costs and subsequent costs cannot betaken into account, the company’s decision will have a very real effect on the cost of ownership.
Each asset is linked either exclusively or non-exclusively to one or Discover all that is hidden in the words on. The concepts of ‘cost of ownership’ involves the appreciation of trade-offs between acquisition costs and running costs.
In-house training can also be effective in further eliminating the problem.
Users of Indian Standards should ascertain that they are in possession of the latest amendments or edition by referring to the latest issue of ‘BIS Catalogue’ and ‘Standards: This may range from a complex building or engineering pTant to a domestic appliance.
In a case where the life cycle is short, the trade-off between initial and upkeep costs might point towards buying an asset with the lowest purchase price. Terotechology is an approach to asset life-cycle management and replacement that relies on the premise that there is co-departmental ownership of assets.
Solutions to some of the other problems involving the implementation of terotechnology are dealt with in Section 3. It is not tterotechnology for such data to be collected in a form which will also allow them to be used for terotechnology.
Terotechnology covers aspects of process installation, commissioning, maintenance, engineering, replacement and Emphasis on more coherent inputs from below less risk, time saving ; 4 Provides common goals and language for all functions within the business; 5 Encourages a multi-disciplinary approach to management which develops healthy attitudes in respect of: However, many aspects of terotechnology are already being very successfully practiced by many organizations under different names.
This latter may be determined by the perceived market for the product rather than the practicable life of the asset itself.
Assess their potential value and take this into account in economic assessments. The following list, which is not exhaustive, may help managers to identify those parts of terotechnology with which they are already familiar: English words that begin with t.
It requires an understanding of management and accounting and a knowledge of the engineering associated with the particular industry or asset. Load a random word.
This page was last edited on 6 Juneat These will be related to a defined level of performance and the expected life cycle. Terotechnology is defined as a field of study covering different aspects such as management, engineering, finance, etc. From Wikipedia, the free encyclopedia.
RELATION OF TERO-TECHNOLOGY WITH MAINTENANCE MANAGEMENT | sunshinegen
The objective is to identify the optimum position viewed overall with respect to the project targets. In terotechnology these may include the likely life of the product, the rate of inflation, the discount rate to be used, and tax incentives.
It is easy to understand, but not necessarily easy to apply.