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Question:
1.
(a) What do you meant by Maintenance strategy? (b) Name common Strategies and briefly explain them. (c) What are the steps that can be taken to improve Maintenance strategies?
2.(a) Name and describe basic functions of maintenance. (b) What are the patterns normally used to describe failure modes of plants or machinery?
3. (a) What are the measures employed to achieve the correct level of operational reliability and best possible safety at minimum cost?
(b) What are the importance of Reliability?
4. Write short notes on:
(i) Leakage monitoring (ii) Hidden cost of maintenance (iii) Contamination commonly encountered in Industries (iv) Root cause failure analysis (v) Condition monitoring 5.(a) What is outsourcing?
(b) Highlight the key element for achieving optimum benefit from outsourcing.
(c) What type of outsourcing are practiced in general Industries?
QUESTION (a) Explain the Arbitrage Pricing Theory. In what ways the Arbitrage Pricing Theory is considered to be a superior model. What are its main limitations? (b) Disting
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what is prisoner''s dilemma'',of non cooperative game?
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