After reading this article you will learn about the duties and organisation of maintenance department. Duties or Functions of Maintenance Department: (A) Inspection: (1) Inspection is concerned with the routine schedule checks of the plant facilities to examine their condition and to check for needed repairs. (2) Inspections ensure the safe and efficient operation of equipment and machinery. (3) Frequency [...]
After reading this article you will learn about:- 1. Introduction to Replacement of Equipments 2. Reasons for Replacement of Equipments 3. Factors to be Considered. Introduction to Replacement of Equipments: In replacement, one is concerned with equipment and machinery that deteriorates with the passage of time. Since over time, an equipment ages, every piece of equipment in an industry is [...]
Several common methods used for evaluating proposals for capital expenditures and for comparing and selecting alternative machines or equipment involving capital assets are discussed:- 1. Total life average method, 2. Annual cost method, 3. Present worth method, 4. Rate of return method, 5. MAPI method, and 6. Approximate MAPI solution. 1. Total Life Average Method: Steps Involved: (i) Add the [...]