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Maintenance and Reliability Best Practices

To manufacture quality products or provide services at competitive prices is essential to survive in today s business climate. We are forced to look for better ways of doing things on continual basis. To meet customer s needs on their schedule requires (high) availability and reliability of equipment and systems when they are needed. In the maintenance and reliability (M&R) field, professionals are constantly challenged to implement the best way to ensure equipment is available as and when it is needed at a reasonable cost. These are called best practices. But it is not as simple as putting something into effect. To truly realize a best practice requires learning, re-learning, benchmarking and implementing better ways of ensuring high reliability and availability of equipment and systems.

Maintenance & Reliability Best Practices is designed to support that learning process. Written by professionals with 60 plus years of shop floor and management experience in a variety of industries, this practical resource will help seasoned professionals and novices understand the basic principles of maintenance and reliability. Written in an easy-to-read format, each chapter discusses the concepts with specific questions and answers. Each topic answers the what, why or how of the topic being presented. Understanding and implementing M&R practices in a cost-effective way is essential. This is perfect book for designers who design the equipment; operators who operate; and maintainers who maintain, as well as warehouse and store personnel who procure and supply materials; engineers who improve the reliability; and human resource professionals who provide and arrange for a work force. Students specializing in the M&R field will also benefit.

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Each of the Saints' shrines has one of these machines. You put money in the slot and an LED candle lights up.
Barcelona
02/06/2009

Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticised for failing to spot the Asian crisis in the early 1990s, the Enron, WorldCom and Parmalat collapses in the early 2000s and finally for their ratings of subprime-related structured finance instruments and their role in the current financial crisis.

This book is a guide to ratings, the ratings industry and the mechanics and economics of obtaining a rating. It sheds light on the role that the agencies play in the international financial markets. It avoids the sensationalist approach often associated with studies of rating scandals and the financial crisis, and instead provides an objective and critical analysis of the business of ratings. The book will be of practical use to any individual who has to deal with ratings and the ratings industry in their day-to-day job.
Reviews
"Rating agencies fulfil an important role in the capital markets, but given their power, they are frequently the object of criticism. Some of it is justified but most of it portrays a lack of understanding of their business. In their book The Rating Agencies and their Credit Ratings, Herwig and Patricia Langohr provide an excellent economic background to the role of rating agencies and also a thorough understanding of their business and the problems they face. I recommend this book to all those who have an interest in this somewhat arcane but extremely important area."
-Robin Monro-Davies, Former CEO, Fitch Ratings.

"At a time of unprecedented public and political scrutiny of the effectiveness and indeed the basic business model of the Credit Rating industry, and heightened concerns regarding the transparency and accountability of the leading agencies, this book provides a commendably comprehensive overview, and should provide invaluable assistance in the ongoing debate."
-Rupert Atkinson, Managing Director, Head of Credit Advisory Group, Morgan Stanley and member of the SIFMA Rating Agency Task Force

"The Langohrs have provided useful information in a field where one frequently finds only opinions or misconceptions. They supply a firm base from which to understand changes now underway. A well-read copy of this monograph should be close to the desk of every investor, issuer and financial regulator, legislator or commentator."
-John Grout, Policy and Technical Director, The Association of Corporate Treasurers