Terotechnology

Terotechnology

Terotechnology is the economic management of assets. It is the combination of management, financial, engineering, and other practices applied to physical assets such as plant, machinery, equipment, buildings and structures in pursuit of economic life cycle costs. [ [http://www.bsonline.bsi-global.com/search/results/1 Introduction to terotechnology] ]

It is concerned with the reliability and maintainability of physical assets and also takes into account the processes of installation, commissioning, operation, maintenance, modification and replacement. [ [http://www.bsonline.bsi-global.com/search/results/1 BS 3843-1:1992 Introduction to terotechnology] ]

Decisions are influenced by feedback of on design, performance and costs information throughout the life cycle of a project. [ [http://www.bsonline.bsi-global.com/search/results/1 BS 3843-1:1992 Introduction to terotechnology] ]

It can be applied equally to products as the product of one organization often becomes the asset of another. [ [http://www.bsonline.bsi-global.com/search/results/1 BS 3843-1:1992 Introduction to terotechnology] ]

References


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  • Terotechnology — A word derived from the Greek root word tero or I care , that is now used with the term technology to refer to the study of the costs associated with an asset throughout its life cycle from acquisition to disposal. The goals of this approach are… …   Investment dictionary

  • terotechnology — [ˌtɛrə(ʊ)tɛk nɒlədʒi, ˌtɪərə(ʊ) ] noun Brit. the branch of technology and engineering concerned with the installation and maintenance of equipment. Origin 1970s: from Gk tērein take care of + technology …   English new terms dictionary

  • terotechnology — The branch of technology that involves the use of management, financial, and engineering skills in installing, operating, and maintaining plant and machinery. See: life cycle costing …   Accounting dictionary

  • terotechnology — The branch of technology that involves the use of management, financial, and engineering skills in installing, operating, and maintaining plant and machinery. See life cycle costing …   Big dictionary of business and management

  • terotechnology — /ˌtɛroʊtɛkˈnɒlədʒi/ (say .terohtek noluhjee) noun the technology of commissioning, installing, maintaining and replacing machinery, plant and equipment. {Greek tērein to watch over + technology} …  

  • terotechnology — n. the branch of technology and engineering concerned with the installation and maintenance of equipment. Etymology: Gk tereo take care of + TECHNOLOGY …   Useful english dictionary

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  • terotecnologia — te·ro·tec·no·lo·gì·a s.f. TS ammin.az. ottimizzazione dell attività di manutenzione dei beni fisici di un azienda per ridurre i costi d esercizio {{line}} {{/line}} DATA: 1983. ETIMO: forse comp. del tema del gr. tēréō io osservo e tecnologia,… …   Dizionario italiano

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  • life-cycle costing — The approach to determining the total costs of a fixed asset that takes into account all the costs likely to be incurred both in acquiring it and in operating it over its effective life. For example, the initial cost to an airline of an aircraft… …   Accounting dictionary

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