Learning Outcome 3 Flashcards
Understand the concept of through life cost
1
Q
Explain the concept ‘triple bottom line’
A
2
Q
Explain the concept of ‘volume-based pricing’
A
3
Q
The overall objective of the total ‘total productive maintenance’ concept is to maximise overall equipment effectiveness. Identify the proactive and preventative techniques under this principle.
A
4
Q
The cost of utilities can vary, because utilities are sensitive to demand and supply. Explain the economic principles of this type of cost.
A
5
Q
What might be some hidden costs in global sourcing connected with logistics and transport?
A
6
Q
When is decommissioning typically required?
A
