<div dir="ltr">I have several relatives who were accountants, one even a professor of accounting. I am all in favor of getting everybody to understand some accounting concepts.<div><br></div><div>But the example below I find problematical. A $1M road with a 20-year life SHOULD not require zero maintenance for 20 years, then a sudden $1M (plus whatever inflation has done) to replace. Instead, IF it is maintained, it should last not 20 years, but decades beyond that. In the process, the road "owner" might well spend roughly $1M each 20 years, but it should be spread over maintenance all during each 20-year period. </div><div><br></div><div>I do agree, however, that many, many (far too many!) cities defer maintenance year after year until replacement is the only option. Accounting is a way to track how bad a practice that is, but does not itself cure the bad practice. It is perhaps necessary, but never sufficient.</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Apr 5, 2021 at 5:59 AM David Albrecht <<a href="mailto:albrecht.dr@gmail.com">albrecht.dr@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr">Rental property operator and software engineer here.<div><br></div><div>I don't think a course like this is complete without some discussion of accounting. At the risk of stating the obvious, accounting is the accumulated body of knowledge on how to quantify economic activity. Probably half if not more maintenance problems are ultimately rooted in poor accounting, specifically focusing too much on cashflow and not enough on the balance sheet.</div><div><br></div><div>Simple but obvious example to illustrate the point. A municipality spends $1 million on a new road with an estimated lifetime of 20 years. Next year, they collect $500k in tax revenue and spend $475k. Yay, a surplus! Cut taxes! Except the simple math of $1 million/20 years for our road shows you need to be tracking the $50k annual wear and tear...somewhere. Most organizations -- many municipalities and unsophisticated rental property operators -- don't do this well, and are caught short when a major capital item hits end-of-life, causing them to scramble to get a loan and fall farther and farther into debt they have no way to service.</div><div><br></div><div>I think the solution is to emphasize a culture of continuous, incremental capital replacement in an organization. I haven't seen too many organizations (especially in the public sector) with the discipline to accumulate huge piles of cash for lumpy capital spending, without shenanigans taking place that cause the money to get redirected for other short-term uses. I'd love to know if I'm wrong about this. </div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Sat, Apr 3, 2021 at 5:02 PM Melinda Hodkiewicz <<a href="mailto:melinda.hodkiewicz@uwa.edu.au" target="_blank">melinda.hodkiewicz@uwa.edu.au</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
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<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">Hi Jonathan,
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">I am a maintenance engineer and for many years have taught university and executive education courses on maintenance, asset management,
reliability, risk and safety. I was Australia’s representative on the development of the ISO55000/1/2 set of Asset Management Standards. Maintenance is one of the major elements of asset management. A good reference to all things AM is the GFMAM sute (Global
Forum on Maintenance and Asset Management) <a href="https://gfmam.org/global-collaboration" target="_blank">
https://gfmam.org/global-collaboration</a>. Their publications page is a useful source of teaching materials.
<br>
Can I suggest, all found (for free) on this page. <u></u><u></u></span></p>
<p><u></u><span style="font-size:11pt;font-family:Symbol;color:rgb(31,73,125)"><span>·<span style="font:7pt "Times New Roman"">
</span></span></span><u></u><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">The AM Landscape,
<u></u><u></u></span></p>
<p><u></u><span style="font-size:11pt;font-family:Symbol;color:rgb(31,73,125)"><span>·<span style="font:7pt "Times New Roman"">
</span></span></span><u></u><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">The Maintenance Framework, and
<u></u><u></u></span></p>
<p><u></u><span style="font-size:11pt;font-family:Symbol;color:rgb(31,73,125)"><span>·<span style="font:7pt "Times New Roman"">
</span></span></span><u></u><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">The Value of Asset Management.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">The Maintenance Framework book will be particularly helpful for engineers-in-training as it covers the maintenance management process
(identify work (maintenance strategy)-schedule-planning-execution) that they are most likely to be exposed to when they graduate if they work for an asset operating organisation.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">About 7 years ago I was asked to develop a one semester class for final year engineers of all disciplines (process, mech, civil, elec,
software, chemical, mining) on risk, reliability and safety. Maintenance is covered in detail as it is one of the main ways we manage risk. Attached is an overview of the unit if you are interested. Below is a brief overview:
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">“<i>The unit aims to provide a holistic an integrated overview of the theory and practice in the fields of risk, reliability and safety,
to prepare our engineers for professional practice. The unit develops students' technical and statistical skills and covers the social and organisational contexts, extending the students’ field of view beyond the technical to consider the customer and the
organisation’s needs. The unit is taught to all engineering disciplines in one class to reinforce the need for cross-discipline collaboration and accommodation of different stakeholders and perspectives in risk and safety management</i>.”<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">The class is huge >300 students and taught twice a year. It is co-taught with a statistician and my part (the engineering part) in
taught using flipped learning and case study based interactive workshops. <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">Very happy to share what we have learned over the last 7 years, ideas and materials. We have taught this unit to over 4000 students.
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)">Regards Melinda<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt">Professor Melinda Hodkiewicz <u></u>
<u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt">BA Hons (Oxon), PhD, CEng, FTSE<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt">BHP Fellow for Engineering for Remote Operations<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt">Faculty of Engineering and Mathematical Sciences<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt">University of Western Australia<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt">M050, UWA, Crawley, Perth, WA 6009<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt"><a href="mailto:Melinda.hodkiewicz@uwa.edu.au" target="_blank"><span style="color:rgb(5,99,193)">Melinda.hodkiewicz@uwa.edu.au</span></a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><br>
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<u></u><u></u></span></p>
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<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span lang="EN-US" style="font-size:11pt;font-family:Calibri,sans-serif">From:</span></b><span lang="EN-US" style="font-size:11pt;font-family:Calibri,sans-serif"> <a href="mailto:themaintainers-bounces@lists.stevens.edu" target="_blank">themaintainers-bounces@lists.stevens.edu</a> <<a href="mailto:themaintainers-bounces@lists.stevens.edu" target="_blank">themaintainers-bounces@lists.stevens.edu</a>>
<b>On Behalf Of </b>Jonathan Krones<br>
<b>Sent:</b> Saturday, 3 April 2021 3:39 AM<br>
<b>To:</b> <a href="mailto:themaintainers@lists.stevens.edu" target="_blank">themaintainers@lists.stevens.edu</a><br>
<b>Subject:</b> [Themaintainers] Maintenance engineering coursework?<u></u><u></u></span></p>
<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">Hi Maintainers,<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">First time caller, long time lurker. I'm starting work on a new syllabus for an upper-level undergraduate general engineering elective tentatively called "Maintenance Engineering" (although I'll probably need to snazz it up to get any enrollment).
The idea is to cover concepts from a variety of engineering fields (e.g., civil, software systems, materials, manufacturing, product design) that relate to issues of maintenance, repair, and other types of life extension of engineered systems. I'm still in
early stages and am interested in learning about any similar courses that folks in this community might know. I'm also open to suggestions on topics or concepts that you think should go into a course like this. It will likely be a combination of probability/statistical
models, systems engineering concepts, and the engineering science bases of inspection, preventative maintenance, repair and remanufacturing, etc.<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">Thanks,<u></u><u></u></p>
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<p class="MsoNormal">Jonathan<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">-- <u></u><u></u></p>
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<p class="MsoNormal"><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(136,136,136)">Jonathan S Krones, PhD</span></b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(136,136,136)"><u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(136,136,136)">Core Fellow / Visiting Assistant Professor | Boston College<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(136,136,136)">Research Affiliate | MIT Olivetti Research Group<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(136,136,136)"><a href="mailto:jonathan.krones@bc.edu" target="_blank">jonathan.krones@bc.edu</a> | 301.788.4206<u></u><u></u></span></p>
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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr">+1 (217) 721-4258<br><a href="http://davidralbrecht.com/" target="_blank">http://davidralbrecht.com/</a><div><br></div><div>weniger, aber besser</div></div>
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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><div dir="ltr">Rollie Cole<div>Author of WHOLESALE ECONOMIC DEVELOPMENT <a href="http://preview.tinyurl.com/wholesaleeconomics" target="_blank">http://preview.tinyurl.com/wholesaleeconomics</a> </div><div>5902 Westslope Drive<br>Austin TX 78731-3655<br>512-537-0898<br><div></div><div style="padding:0px;margin-left:0px;margin-top:0px;overflow:hidden;color:black;font-size:10px;text-align:left;line-height:130%"></div><div style="padding:0px;margin-left:0px;margin-top:0px;overflow:hidden;color:black;font-size:10px;text-align:left;line-height:130%"></div></div></div></div>