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Research Paper | Statistics | Volume 4 Issue 1, January 2015 | Pages: 917 - 920 | Nigeria
Risk Management of Some Machines in Centre for Equipment Maintenance and Industrial Training (CEMIT) in Modibbo Adama University of Technology, Yola
Abstract: Centre for Equipment Maintenance and Industrial Training (CEMIT) in Modibbo Adama University of Technology, Yola faces some risks associated with machines operations. The following method were used to address the problems Structured questionnaire was used to obtained data on financial losses from CEMIT. The Annualized Loss Expectancy Model (ALEM) was employed to analyse the data. The analysis of the data obtained reveals that the tenoning machine has highest ALE of 800, 000, next to it is circular saw machine which has The Annualized Loss Expectancy ALE of 559, 980, Spindle moulding machine which has ALE of 329, 985 is third and mortising machine with ALE 0f 25, 000 is the least. The management were recommended to allocate resources for the maintenance of the machine in the order of their ALE priority. The assets with highest ALE should be allocated higher resources likewise with the subsequent assets.
Keywords: Risk, management, Annual Loss, and machines
How to Cite?: Dzarma, Daniel Ezra, S.S. Abdulkadir, Idama E.A, "Risk Management of Some Machines in Centre for Equipment Maintenance and Industrial Training (CEMIT) in Modibbo Adama University of Technology, Yola", Volume 4 Issue 1, January 2015, International Journal of Science and Research (IJSR), Pages: 917-920, https://www.ijsr.net/getabstract.php?paperid=SUB15213, DOI: https://dx.doi.org/10.21275/SUB15213