A Presentation on:

Greek

tero/trein; I care/watch over,

take care of
It is applied on production & service
processes.
Terotechnology combines
management, financial, engineering
and other practices applied to
processes/physical assets in pursuit
of economic life cycle costs.

It provides a holistic view of the impact

of maintenance on the manufacturing
process and to perform never-ending
improvement cost effectively.
It can be applied on different types of
production processes and service
provision, such as chemical processes,
manufacturing, power plants, water
treatment plants, transport, banks, etc.

 Terotechnology

is a branch of applied
science for measuring the
operational values of physical assets.
It is concerned with activities such as
the installation, maintenance and
replacement of those assets.

 The

practice of obtaining over their

lifetime the use of physical assets at
their lowest total cost to the
business entity through a
combination of management,
financial engineering and other
disciplines.

 Maintenance

in Terotechnology
covers maintenance management,
man-machine-maintenance-economy
interfaces, reliability and risk
management, data management
and databases optimization,
condition monitoring, conditionbased maintenance and its impact
on companys business

terotechnician looks at tangible

assets of a company or business
such as buildings, equipment and
vehicles and measure how these
items will provide a net value for
certain years until they need to be
replaced.

Main objectives of its application

are:
1)Improve and maintain the quality of
the elements involved in a process
2)Improve and maintain processs
technical & economic effectiveness
3)Continuous & cost-effective
improvement of companys
profitability and competitiveness.

 Part

of terotechnology is called lifecycle costing which includes

attention to depreciationand other
monetary parameters.
Companies use these parameters to
understand how ownership and use
of a piece of equipment or other
physical asset during that period of
time will affect their bottom line.

 There

are primarily three types of

costs:
1)Acquisition Cost
2)Operating Cost
3)Disposal Cost

 Major

part of terotechnology is in
understanding the role of maintenance
and the value of a warranty. Many larger
pieces of equipment and other physical
assets come with warranties offered by
the manufacturer or vendor. In
terotechnology, the way in which these
warranties provide value relative to
projected costs is examined.

 Terotechnology

utilizes what is called

a bath-tub curve,
which is used to
indicate the failure
rate for equipment or
machines.

 Terotechnologyrepresents

a
differentiation between all of the
physical assets that a business owns
and other assets that are intangible
and not associated with operating
costs.
The science of evaluating physical
equipment is a way to manage the
inevitable and necessary ownership of
functional property.

 Terotechnology

is a holistic approach
on operational asset management
with key emphasis on financial
aspect of efficient maintenance.
It is the bread-and-butter of cost
optimization of overhead expenses.

 Systemekonomi

by Basim Al Najjar,

Ph.D.
http://www.wisegeek.com/what-isterotechnology.htm