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 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)Step by Step Solution
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