Question: answer should be neat and clean and without plagrisim for upvote please complete all requirements given in the question Question 3: Maintenance based profitability Two

answer should be neat and clean and without

answer should be neat and clean and without plagrisim for upvote please complete all requirements given in the question

Question 3: Maintenance based profitability Two fresh engineering graduates had the following conversation: "G1: I am planning to generate a maintenance management system that Page 2 out of 2 would eradicate failures in every industrial application. G2: How do you think this would be achievable? G1: My system will scrutinise every part of any application and allocate the right fault prevention policy either statistically based with a 0% probability of failure or predictively via condition monitoring techniques. G2: Do you think that this approach would be feasible for every application? G1: Certainly if the decision maker realises that no failure means maximum production, therefore maximum profit, they would be happy to invest. G2: How about, if they invest more than the increase in profit? G1: There is no such a thing. G2: I recommend that you get back to our notes on the subject and re-validate your theory." Given the above conversation, critically evaluate both points of view. (10 Marks) Comment on the subject (4 Marks)

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