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For a complex engineering system containing thousands of assemblies, sub-assemblies, components, organized into several levels of indenture and with a number of possible repair decisions, LORA seeks to determine an optimal provision of repair and maintenance facilities to minimize overall system life-cycle costs.
The facility condition index (FCI) is used in facilities management to provide a benchmark to compare the relative condition of a group of facilities. The FCI is primarily used to support asset management initiatives of federal, state, and local government facilities organizations.
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Facility condition assessment is an analysis of the condition of a facility in terms of age, design, construction methods, and materials. [ 1 ] [ 2 ] The individuals who perform the assessment are typically architects and engineers, and skilled-trade technicians.
Facility management [1] or facilities management (FM) is a professional discipline focused on coordinating the use of space, infrastructure, people, and organization.. Facilities management ensures that physical assets and environments are managed effectively to meet the needs of the
The marine and air transportation, [9] offshore structures, [10] industrial plant and facility management industries depend on maintenance, repair and overhaul (MRO) including scheduled or preventive paint maintenance programmes to maintain and restore coatings applied to steel in environments subject to attack from erosion, corrosion and environmental pollution.
Typically, a long-life-cycle asset requires multiple intervention points including a combination of repair and maintenance activities and even overall rehabilitation. Costs decrease with planned maintenance rather than unplanned maintenance. Yet, excessive planned maintenance increases costs. Thus, a balance between the two must be recognized.
The fixed capital investment provides the physical facilities. The working capital investment is a revolving fund to keep the facilities operating. [4] In system, product, or facility acquisition planning, a cost estimate is used to evaluate the required funding and to compare with bids or tenders.
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