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Highlights
From this MREGC5001 unit, students enhance their skills and knowledge in terotechnology and decide on capital investment applicable to benefit the management. This unit covers the cost of life cycle and benefits of ownership cost. This unit introduces many techniques and tools that will help decide capital investment, purchasing, restoration policies, and economics in purchasing and restoration of plants. From this unit, students will be able to reduce the cost of the life cycle. This unit benefits students interested in management, engineering, and reliability services.
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There are various kinds of life cycle costs according to the SETAC working group, such are:
The important purpose of the maintenance management is given below:
Life cycle costing plays an important role in business. It can be used in long-term planning and making good decisions with investors in the business.
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