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Question:
(a) The Bath-Tub curve is an important tool for understanding the reliability of engineering components in many different applications. It is viewed as a hazard function that describes the variation of failure rate of components during their life time. Explain the phases of the Bath-Tub curve.
(b) Briefly discuss the Predictive Maintenance strategy and list some of the techniques used for implementing in the work environment.
(c) Reliability Centered Maintenance is one of the strategies used for failure management and is related to condition of equipment. This strategy relies on the capability of maintenance personnel to detect potential failures in advance in order to take appropriate actions. A common curve that illustrates the behavior of equipment as it approaches failure is the P-F curve. Elaborate with the aid of a diagram on the use of a P-F curve to improve condition of equipment and safety in a work environment.
Q. Methods for evaluating the performance of divisions? Profit based methods for evaluating the performance of divisions Operating profit (net profit) margin =
1. Using Macro & Micro frameworks analyse and evaluate the external environment of your organisation from the perspective of the external context within which it operates. Summar
Submit the integrated final copy of your Information Strategic Plan. The proposal will actually consist of the purpose, history, and scope located in the final project template
1. “A mission describes what the organization is now; a vision statement describes what the organization would like to become.” Differentiate between corporate mission and strategi
(A) What is the optimal solution, i.e., how many units of every watch should be formed to maximize daily profits and how much daily profit will the company create? (B) How m
1. Explain the process of performing an internal audit. Evaluate why prioritizing the relative importance of strengths and weaknesses to include in an IFE Matrix is an important st
Q. What do you mean by Trade payable days? Trade payable days (turnover) {Yearend trade payables / Credit purchases (or cost of sales)} x 365 days This is the length
Question 1: a) What is Strategic Management? b) What are the three stages of Strategic Management? c) Why strategy implementation often is considered the most difficult
Illustrations of internal failure cost The internal perspective may control performance by assessment of internal quality failure. Costs incurred before customer has received
Q. Show the behavioural aspects when implementing budgets? The following behavioural aspects could arise when implementing budgets - Budgets seen as a 'penny pinching' e
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