After reading this article you will learn about:- 1. Introduction to Maintenance 2. Types of Maintenance 3. Procedure. Introduction to Maintenance: Machines, buildings and other service facilities are subject to deterioration due to their use and exposure to environmental conditions. If this process of deterioration is not checked, it may render them unserviceable. It is, therefore, necessary to attend to [...]
After reading this article you will learn about:- 1. Types of Preventive Maintenance 2. Elements of Preventive Maintenance 3. Advantages 4. Requirements 5. Economics. Types of Preventive Maintenance: 1. Corrective Maintenance: Although this is broadly a preventive maintenance, this term is gaining importance. While carrying out repairs on a machine, either some minor modification work is done so that it [...]
Following are some of the important methods which are used for equipment replacement studies: 1. Pay-Back Period Method 2. Total Life Average Method 3. Annual Cost Method 4. Present Worth Method 5. Rate of Return Method 6. M.A.P.I. Method. 1. Pay-Back Period Method: This method of equipment replacement studies determines as to how long it will take (in years) to [...]