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Terotechnology and Life Cycle Costs
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MREGC5001 - Terotechnology and Life Cycle Costs
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20250200
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2027
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/ords/r/dev/fed_occ/course?p6_code=MREGC5001&p0_catalogue_year=2027&p0_catalogue_term=0200
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Course
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Unit
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2.1
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2026-09-30
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2026-09-30
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Engineering
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Institute of Innovation, Science & Sustainability
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Engineering
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Postgraduate - Coursework
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15
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.125
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030799
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Mechanical and Industrial Engineering and Technology, n.e.c.
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030799 - Mechanical and Industrial Engineering and Technology, n.e.c.
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<a href="http://www.federation.edu.au/locate/unit/mregc5001">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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9
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Masters Degree
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Introductory
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0
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<p>This unit will introduce terotechnology and capital investment decisions relevant to asset management. This unit will cover the broad subject area of life cycle costs and the costs-of-ownership of assets; impact of maintenance decisions and capital investment option analysis. The unit will also cover terotechnological aspects of engineering economics. Various tools and techniques will be introduced to help inform capital investment decision making, asset purchase and replacement policies and economic decisions to buy or replace major units and plants. Whole-of-life cost considerations are important in terms of their possible impact on maintainability and in the pursuit of reducing life cycle costs. This is an important foundational unit for students interested in practicing good asset management, maintenance and reliability engineering.</p>
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<p>This unit will cover the broad subject area of life cycle costs and the costs-of-ownership of assets; impact of maintenance decisions and capital investment option analysis.<br>
Introduction to asset management and Terotechnology. <br>
Asset management systems that can be used to ensure that maintenance costs and capital investments are considered throughout the life cycle of equipment. <br>
Improvement of maintainability and reduction of life cycle costs. <br>
Plant purchase techniques and capital investment analysis tools to optimise the life cycle costs of plants.<br>
Replacement policies, tools and techniques for risk based decisions in replacement of plants or major part of any plant or infrastructure.</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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Overview
Key information
Requisites
Learning outcomes
Assessment
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Overview
Unit description
<p>This unit will introduce terotechnology and capital investment decisions relevant to asset management. This unit will cover the broad subject area of life cycle costs and the costs-of-ownership of assets; impact of maintenance decisions and capital investment option analysis. The unit will also cover terotechnological aspects of engineering economics. Various tools and techniques will be introduced to help inform capital investment decision making, asset purchase and replacement policies and economic decisions to buy or replace major units and plants. Whole-of-life cost considerations are important in terms of their possible impact on maintainability and in the pursuit of reducing life cycle costs. This is an important foundational unit for students interested in practicing good asset management, maintenance and reliability engineering.</p>
Unit content
<p>This unit will cover the broad subject area of life cycle costs and the costs-of-ownership of assets; impact of maintenance decisions and capital investment option analysis.<br> Introduction to asset management and Terotechnology. <br> Asset management systems that can be used to ensure that maintenance costs and capital investments are considered throughout the life cycle of equipment. <br> Improvement of maintainability and reduction of life cycle costs. <br> Plant purchase techniques and capital investment analysis tools to optimise the life cycle costs of plants.<br> Replacement policies, tools and techniques for risk based decisions in replacement of plants or major part of any plant or infrastructure.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Engineering
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
030799 - Mechanical and Industrial Engineering and Technology, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/mregc5001">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
<p>must not have completed "ENMTX4050"</p>
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Define lifecycle cost (LCC) and apply principle to estimate the constituent components.</p>
K2
<p>Identify issues related to reliability, availability and maintainability and recognise impact on LCC.</p>
K3
<p>Select tools for appraising and ranking of capital investment options for informed decisions analysing the risk based time value of money.</p>
S1
<p>Construct problems related to life cycle issues and challenges.</p>
S2
<p>Evaluate impact of reliability, availability and maintainability on life cycle costs.</p>
S3
<p>Model and solve life cycle cost and capital investment related problems.</p>
A1
<p>Apply techniques for the analysis of plant acquisition, operational, maintenance and disposal costs.</p>
A2
<p>Construct model for analysing various capital investment options.</p>
A3
<p>Justify capital investment decisions based on lifecycle costs.</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Analysis and report on a problem relevant to the industry analysing the context of the lifecycle cost and capital investment.</p>
<p>Analysis and report.</p>
<p>20% - 40%</p>
K1, K2, K3, S1, S2, S3, A1, A2, A3
2
<p>Analysis and report of alternative options for the best possible capital investment decisions.</p>
<p>Analysis and report</p>
<p>20% - 40%</p>
K1, K2, K3, S1, S2, S3, A1, A2, A3
3
<p>Examinations or online test</p>
<p>Examination or online test.</p>
<p>60% - 40%</p>
K1, K2, K3, S1, S2, S3, A1, A2, A3
Supplementary assessment available:
Yes
Supplimentary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Engineering
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
030799 - Mechanical and Industrial Engineering and Technology, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/mregc5001">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: MREGC5001 - U2.1