Page 54 - PPO Diaries
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PPO Diaries
❖ A brief overview of the project
Title of the project:
“Life cycle cost and equipment replacement analysis of key
manufacturing equipment”
Basically, the project is based on the concept of Total Cost of
Ownership (TCO). Equipment life cycle cost is calculated by
adding up two kinds of cost:
1. Ownership cost: Initial buying price, Interest cost,
Insurance cost etc.
2. Operating cost: Utilities cost, Repair & Maintenance
cost, Spare parts cost, Wages etc.
MANDEEP SINGH DUHAN
So, I had to visit various plant locations of Cipla for collecting
these data of various equipment. Then economic life of
CIPLA equipment is calculated which is attained when the total life
__________________________________________ cycle cost is at its minimum.
Based on these data, equipment replacement year is
GENERAL INFORMATION forecasted by considering parameters such as Operating cost
of both old and new equipment with which its going to be
Batch: PGDIM 25 replaced, Opportunity loss of old equipment due to
downtime and speed loss, EMI of new equipment and
BTech: HBTI Kanpur
remaining life of old equipment.
Work Ex: Fresher Finally, I made a dashboard using Excel VBA in which if you
input the data of ownership and operating cost related to any equipment, it will provide the forecasted equipment
replacement year and also a dashboard was made to compare various equipment performance based on these
data which helps in vendor selection while replacin g with a new equipment.
❖ How is a normal day at the Internship?
As my internship was at various plant locations and Head Office, so my everyday was not similar. Normally a plant
day for me was based on understanding the process of manufacturing and collecting data from various
departments for the project.
A day in Head Office was mainly dedicated to work on the data collected, literature review of various research
papers, having short meeting with people of same department to better understand and improvise the project.
Also, in every 2-3 days there used to be a meeting with my project guide so that I keep him in loop and discuss
the problems that I’m facing and how it can be resolved.
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