Corrective Maintenance is the maintenance performed to restore a system or asset to its intended operating condition after a failure or fault has occurred.
Ordinary repair refers to routine maintenance activities that aim to keep the property in good condition without significantly increasing its value. These are regular upkeep actions necessary to preserve the fully functional status of a property.
Prognostics involves the prediction of the future performance and the remaining useful life of a system using data analysis, statistical models, and machine learning techniques. This field is crucial in various industries to prevent system failures and optimize maintenance.
Refurbishment involves restoring or updating a product, building, or piece of equipment to bring it back into a state of usability and modern relevance, often incorporating upgrades and improvements.
Off Time refers to the period when a computer, machine, or any equipment is not in active use, often for purposes like maintenance, repairs, or scheduled non-usage.
Keeping property and equipment in a good state of repair to minimize the need for costly major repairs or replacements. The life of a system can be prolonged through continual preventive maintenance.
An in-depth look at the concept of servicing including its general application in equipment maintenance and its specialized role in financial loan management.
Comprehensive explanation of the necessary care and management of equipment and operations, emphasizing the importance of continual maintenance to prevent system breakdowns.
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