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Test equipment is more common at this level of repair, and is used to automate many test procedures. Spare parts maintained at this level of repair are known as bench stock . Intermediate-level maintenance deployment can vary widely, and is highly dependent on desired operating conditions.
Chemical plant cost indexes are dimensionless numbers employed to updating capital cost required to erect a chemical plant from a past date to a later time, following changes in the value of money due to inflation and deflation. Since, at any given time, the number of chemical plants is insufficient to use in a preliminary or predesign estimate ...
Engineers at Caterpillar's Mining & Construction Equipment Division in Decatur, Illinois, created a new design for the 797 using computer-aided design technology. This was the first time CAD tools had been used extensively to design a Caterpillar truck.
Whether an extended service plan is worth the extra cost depends on the item and the perceived value by the consumer. Basic service plans on desktop computers, for example, typically come close to the actual average repair cost of a system, with the retailer using the service plan as a way to keep the customer from going to a competing service center.
The biggest distinction from a cost standpoint is if a repair is classified as a major repair or a minor repair. A major repair can change the depreciable equipment value due to an extension in service life, while a minor repair is normal maintenance. How a firm chooses to cost major and minor repairs vary from firm to firm depending on the ...
Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes social costs .
Mean time to repair (MTTR) is a basic measure of the maintainability of repairable items. It represents the average time required to repair a failed component or device. [ 1 ] Expressed mathematically, it is the total corrective maintenance time for failures divided by the total number of corrective maintenance actions for failures during a ...
Collaboration is a critical factor in the equipment supply chain. [2] Equipment companies must have two fundamentals in place of operational control of service operations on the one hand and equipment intelligence on the other. (1) This enables companies to move to proactive service approaches and make better business decisions.