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Determine a project involving the solution of an industry-based maintenance and reliability engineering and/or asset management problem (be specific and do not try to solve all of the problems at once). The problem must be tailored to an industry or specific business setting. Research possible engineering solutions to address the problem. Within your solution, address concepts to improve reliability of the product or service issue. Your solution will recommend methods or tools to help reduce costs, risks, failure rates, and enhance overall asset performance.
Submit your work in an APA-formatted paper including any diagrams, tables, or charts as appropriate to support your solution.
Sample Answer
Industry: Aviation Problem: Reducing aircraft maintenance costs
Aircraft maintenance is a major expense for airlines. According to a recent study by Oliver Wyman, aircraft maintenance costs account for an average of 10% of an airline’s total operating costs.
One way to reduce aircraft maintenance costs is to improve the reliability of aircraft components. This can be done by:
- Using high-quality materials and components
- Designing aircraft components for durability and reliability
- Implementing preventive maintenance programs
- Using predictive maintenance technologies to identify potential problems before they cause failures
Another way to reduce aircraft maintenance costs is to improve the efficiency of maintenance operations. This can be done by:
- Using standardized procedures and tools
- Investing in maintenance training for employees
- Using technology to automate maintenance tasks