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CS31A0462 Cost Management in Industrial Maintenance, 6 cr 
Code CS31A0462  Validity 01.08.2016 -
Name Cost Management in Industrial Maintenance  Abbreviation Cost Management 
Credits6 cr   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesYes
    Allowed to study several timesno
Organisation LUT School of Engineering Science 

Timo Kärri 
Lasse Metso 
Antti Ylä-Kujala 

Description by Study Guide

Will replace the course CS31A0461 Cost management in industrial maintenance.


M.Sc. (Tech.) 1-2



Teaching Language 


Teacher(s) in Charge 

M.Sc. (Tech.) Lasse Metso


After completing the course students will be able to:

  • identify, model and manage the economics of industrial maintenance services in a networked environment
  • ¬†adapt life-cycle modeling as a management tool and is able to analyze the effects of maintenance for asset management, costs and profits
  • evaluate the main principles of computerized maintenance management systems and different maintenance strategies

Maintenance management and the roles of different parties in an inter-organizational environment, maintenance strategies, the costs and profitability of maintenance, availability and life cycle of a machine, the value and offering of maintenance services, management of fixed and current assets, and information systems of maintenance. In addition maintenance metrics, modernization investments, and sustainability in maintenance.

Teaching Methods 

Lectures 22 h, preliminary assignments and exercises based on given material 134 h. In total 156 h.

Suitability for doctoral studies (Yes/Leave empty) 


Examination in Examination schedule (Yes/No) 


Examination in Moodle (Yes/No) 


Examination in Exam (Yes/No) 


Assessment scale and assessment methods 

0-5, preliminary assignments and exercises within five topics, each 20 %.

Course Materials 

Lecture materials.


Marquez, A.C., The maintenance management framework, models and methods for complex systems maintenance. Springer series in reliability engineering. Springer London 2012. 333 p. (e-book)

Marttonen, S., Modelling flexible asset management in industrial maintenance companies and networks. Acta Universitatis Lappeenrantaensis 544, Lappeenranta University of Technology, University Press, 2013. 75 p.

Sinkkonen, T., Item-level life-cycle model for maintenance networks - from cost to additional value. Acta Universitatis Lappeenrantaensis 673, Lappeenranta University of Technology, University Press, 2015. 92 p.

Ali-Marttila, M., Towards successful maintenance service networks - capturing different value creation strategies.  Acta Universitatis Lappeenrantaensis 748, Lappeenranta University of Technology, Yliopistopaino, 2017. 93 p.


CS31A0102 Kustannusjohtamisen peruskurssi or CS90A0012 Basic Course in Business and Management

Places for exchange-students? (Yes, number/No) 

max 10

Places for Open University Students?(Yes, number/No) 

max 5


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