Economise of maintenance, Business Management

Assignment Help:

Maintenance is a costly activity. It is one of the sizeable indirect costs that enter in to manufacturing and hence it should be given considerable attention by the operations managers .

Figure below shows that total cost decrease up to point M under preventive maintenance and beyond this point an increasingly higher level of preventive maintenance is not economically justified. The level of degree of maintenance at point M, which gives the minimum total maintenance cost is known as the optimal level of maintenance activity or ideal level of maintenance. It is seen from figure below that at the optimal level of maintenance preventive maintenance cost equals the break down maintenance cost.


Related Discussions:- Economise of maintenance

Meaning of interpersonal behaviour, Problem 1 List the types of organis...

Problem 1 List the types of organisation structure? Mention the basic elements of Organization Structure. Explain any three elements. List the three types List the bas

Problem based on the business of education, Normal 0 false fa...

Normal 0 false false false EN-US X-NONE X-NONE

How is the span of control affected in the organisation, How is the span of...

How is the span of control affected in the organisation? Span of control: Span of control implies the number subordinates which report to an executive or the number of su

Discuss the different steps in the process of control, QUESTION 1 (a) W...

QUESTION 1 (a) What is meant by controlling? Why is it needed in organisations? (b) Discuss the different steps in the process of control. What are the essential requirement

Phases of business process reengineering, According to perter F. Drucker R...

According to perter F. Drucker Reengineering is new and it has to be done. The tasks experts agree upon to successfully perform BPR can be grouped into seven steps or p

Marketing distribution, what is placing decision in distribution of market...

what is placing decision in distribution of marketing

Describe briefly the five stages of group development, QUESTION 1 a) Ho...

QUESTION 1 a) How can an understanding of the team roles as developed by Meredith Belbin help a manager in communicating effectively with his/her team? b) Discuss the major

Describe transaction processing systems (tps), QUESTION 1 The following...

QUESTION 1 The following are six major types of systems that serve the various organizational needs: Executive Support Systems (ESS) Management Information Systems (MI

Business plan, We will make our business plan by considering all aspects of...

We will make our business plan by considering all aspects of business, from finance to entrepreneurial abilities, from human resource management to production and from marketing to

Business environment in strategic formulation, Business environment in stra...

Business environment in strategic formulation A business strategy depicts how a specific business proposes to succeed in its preferred market place versus its competitors. It

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd