A Standard Terminology for Describing Facility Maintenance and Repair Requirements
SANTA BARBARA, CA — July, 7 2003 — Too
often estimates of maintenance
and repair (M&R) requirements
are vague and imprecise in terms of the costs actually being addressed.
For instance, when funds are budgeted for "renewal" do
they address obsolescence, deferred maintenance, or change in use
requirements? There is no common terminology that permits the comparison
of the scope and accuracy of the many models proposed to forecast
M&R requirements. This paper proposes a taxonomy of M&R costs
that should sharpen the focus of M&R
planning.
Whitestone Research, with headquarters
in Santa Barbara, California, specializes in applied economic research
and software development. Whitestone products and services are used
every year by hundreds of major corporations, government agencies,
and public and private institutions.
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