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  2. Proactive maintenance - Wikipedia

    en.wikipedia.org/wiki/Proactive_maintenance

    Proactive maintenance is the maintenance philosophy that supplants “failure reactive” with “failure proactive” by activities that avoid the underlying conditions that lead to machine faults and degradation.

  3. Break/fix - Wikipedia

    en.wikipedia.org/wiki/Break/fix

    An advantage of break/fix IT management is the initial lower cost of maintenance. [2] However, since problems are only addressed when they arise, maintenance is reactive rather than proactive . Small problems left unaddressed can balloon into major failures due to focus on cost.

  4. Corrective and preventive action - Wikipedia

    en.wikipedia.org/wiki/Corrective_and_preventive...

    Preventive action is any proactive method used to determine potential discrepancies before they occur and to ensure that they do not happen (thereby including, for example, preventive maintenance, management review or other common forms of risk avoidance). Corrective and preventive actions include stages for investigation, action, review, and ...

  5. Risk-based inspection - Wikipedia

    en.wikipedia.org/wiki/Risk-based_inspection

    RBI assists a company to select cost effective and appropriate maintenance and inspection tasks and techniques, to minimize efforts and cost, to shift from a reactive to a proactive maintenance regime, to produce an auditable system, to give an agreed-upon operating window, and to implement a risk management tool. The purposes of RBI include:

  6. Reliability-centered maintenance - Wikipedia

    en.wikipedia.org/wiki/Reliability-centered...

    Reliability-centered maintenance (RCM) is a concept of maintenance planning to ensure that systems continue to do what their users require in their present operating context. [1] Successful implementation of RCM will lead to increase in cost effectiveness, reliability, machine uptime, and a greater understanding of the level of risk that the ...

  7. Dollar-cost averaging: How to stop worrying about the market ...

    www.aol.com/finance/dollar-cost-averaging...

    Comparing the results: Dollar-cost averaging vs. lump sum. Let’s look at two year-end scenarios for these two investment approaches: The market does well and your share price increases to $60.

  8. Maintenance - Wikipedia

    en.wikipedia.org/wiki/Maintenance

    planned maintenance, [19] which may include scheduled downtime for equipment replacement; planned preventive maintenance (PPM) is another name for PM [20] breakdown maintenance: [20] fixing things only when they break. This is also known as "a reactive maintenance strategy" [21] and may involve "consequential damage." [22]

  9. Living longer, not healthier: Study finds periods of poor ...

    www.aol.com/living-longer-not-healthier-study...

    A study led by Mayo Clinic found a “widening gap between lifespan and healthspan" among 183 countries. The lead researcher and another doctor discuss the drivers of poor health late in life.

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