15 Dec 2022

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How to Reduce Maintenance Operating Costs

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 276

Pages: 1

Downloads: 0

What are the maintenance details of this issue? 

Maintenance operating costs are the costs that are incurred during the operating life of a business. Maintenance costs can have a direct influence on the operating costs during the investment period. Poor maintenance economic costs are born by the road users and those who provide the services through the amplified operating costs ( Turner, 2008) . An effective strategically maintenance can greatly increase the economic benefit by reducing the user costs.

The main contributors to the maintenance operating costs are the users, service providers, infrastructure, landlord or owner. For instance, operating life of a road transport infrastructure is endured by the road drivers, public transport operators, and vehicle owners. For example, a good road that has deteriorated in condition as a result of not being well maintained, every single amount that is saved for the purposes of road maintenance increases the operating cost of a vehicle.

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How should a manager address this issue? 

A manager should address this issue by sufficiently using the preservation methods. The manager should conduct the following maintenance, in order to minimize maintenance operating costs: Preventive maintenance, corrective maintenance, predictive maintenance, Rehabilitation/upgrading, failure analysis and component rebuild are some of the preservative methods that the manager should adopt in order to address the issues of maintenance operating costs ( Jardine & Tsang, 2013) .

Preventive maintenance is the simple operations that the manager needs to carry out on regular basis. Corrective maintenance is needed to correct the defects that may have occurred during the operation. Rehabilitation or upgrading simply requires operations of meaningful nature to be carried out at intervals of several years Such as re-graveling, grading and surface leveling. Failure analysis is critically looking at the mistakes made that did not lead to the success of the operation. Lastly, the component rebuild is to rebrand the operational methods.

References

Jardine, A. K., & Tsang, A. H. (2013).  Maintenance, replacement, and reliability: theory and applications . CRC press. 

Turner, J. R. (2008).  Handbook of project-based management . McGraw-Hill Professional Publishing. 

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StudyBounty. (2023, September 16). How to Reduce Maintenance Operating Costs.
https://studybounty.com/how-to-reduce-maintenance-operating-costs-essay

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