The "full cost view of maintenance" results in more firms choosing a policy of breakdown maintenance, when compared to the "traditional view of maintenance."

Question

Quizplus · Accepted Answer

The "full cost view of maintenance" considers all costs associated with maintenance, including the costs of downtime, lost production, and potential safety and environmental impacts, leading firms to prefer preventive maintenance over breakdown maintenance to minimize total costs.

The "Full Cost View of Maintenance" Results in More Firms