Problems with Sick Industries and Terotechnology—A New Management Approach

Terotechnology ii a science comprising of knowledge of management, financial implication, engineering and technological practices pursuit to achieve economic life cycle for the physical assets in an estate or an industry. The concept of Terotechnology has opened a new dimension in better maintenance management and new thinking for longer life to production tools, thereby saving constderable cost. This technology has opened up new vistas for better decision in specifications, tolerances and help designer improve the design. It can also help management for economical purchases, investment decision, cost management, maintenance management and replacement decision.