Asset Management / Maintenance is not for sissys. Fortunately, there are tools available to make us heroes.

Asset Management / Maintenance practitioners are often faced with situations where they need to take challenging decisions. Such decisions are mostly based on limited information and years of experience. While experience and gut feel are invaluable in such situations, it can often be enhanced by good analysis.

Typically, maintenance decisions require the evaluation of alternative solutions in terms of various maintenance criteria such as cost, failure history, time to repair, time to failure and uptime.

The course Decision-making in Maintenance is aimed at providing such analysis tools. Specifically, it addresses the following decision making areas:

• Preventive maintenance decisions
• Component replacement decisions
• Asset replacement decisions
• Repairable Systems decisions
• Condition Based Maintenance decisions
• Maintenance resource decisions
• Outsourcing decisions

The course intends to enable maintenance practitioners to be able to:

• Use a variety of mathematical and statistical techniques to assist them in maintenance decision making.
• Apply the techniques of component replacement decision-making, reconditioning decision-making, and equipment replacement decision-making to limited scale problems, using standard student copies of commercially available software.
• Develop proper maintenance strategies for the assets under their care.
• Do basic failure analyses.
• Find the optimal replacement age of components.
• Develop an essential understanding of capital replacement decision making models and techniques.