This book is highly useful for the students of B.E./B.Tech. of Punjab Technological University, Jalandhar and aslo for the other Technological Universities of India as per New Syllabus. Accordingly, few sample question are given at the end of each chapter. The chapter and topics, covered in this book, are expected to encompass the syllabus that may be needed by various colleges/ institutions in maintenance field. It also serves as a reference book for students of all other engineering disciplines in universities, colleges, institutions and also vast numbers of engineer, managers superviors, technologists and other persons working in or associated with maintenance and upkeep of machines, equipments and systems in any shop, plant or industry.

An effective, well-managed maintenance program is crucial to the efficient and economical performance of any type of facility. This book presents a complete, step-by-step guide to systematically improving overall maintenance operations, covering maintenance organization, inventory, continuous inspection, planning, scheduling and program management. The presentation is structured in a manner which allows the reader to utilize basic guidelines in implementing a management system which can be customized to the specific requirements and goals of his/her plant or facility, regardless of size or type of operation.

Authors have attempted to create coherent chapters and sections on how the fundamentals of maintenance cost should be organized, to present them in a logical and sequential order. Necessarily, the text starts with importance of maintenance function in the organization and moves to life cycle cost (LCC) considerations followed by the budgeting constraints. In the process, they have intentionally postponed the discussion about intangible costs and downtime costs later on in the book mainly due to the controversial part of it when arguing with managers. The book will be concluding with a short description of a number of sectors where maintenance cost is of critical importance. The goal is to train the readers for a deeper study and understanding of these elements for decision making in maintenance, more specifically in the context of asset management. This book is intended for managers, engineers, researchers, and practitioners, directly or indirectly involved in the area of maintenance. The book is focused to contribute towards better understanding of maintenance cost and use of this knowledge to improve the maintenance process. Key Features: • Emphasis on maintenance cost and life cycle cost especially under uncertainty. • Systematic approach of how cost models can be applied and used in the maintenance field. • Compiles and reviews existing maintenance cost models. • Consequential and direct costs considered. • Comparison of maintenance costs in different sectors, infrastructure, manufacturing, transport.