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This well-received text, designed for the students of MBA, BTech (Mechanical Engineering and Industrial and Production Engineering) and MTech (Industrial Engineering and Management), has been revised and reorganized in its second edition. The book, divided into six sections, deals with the concepts of core maintenance and related auxiliary functions, core spares issues, related auxiliary spares functions, caselets and policy cases. This research-based study attempts to impart a comprehensive knowledge of maintenance and spare parts management, particularly in the Indian context. Illustrations, tables, caselets, cases and presentation of several topics in A-Z points add pedagogic value to the text. About the Author P. Gopalakrishnan PhD in Statistics from ISI Kolkata (1957). From 19571963, he was senior consultant of SQC & TQM in western region of ISI. From 19641994, he was senior faculty of spares, materials and maintenance in ASCI. During 19791981, he served as United Nations Advisor in Middle East for inventory and spares management. In 1969, Dr. Gopalakrishnan was trained by Harward Business School (US) as a Ford Foundation Scholar. He has authored 30 books and published 500 papers in reputed journals based on his teaching, research and training experience. He has conducted various workshops and training programmes on various aspects of management in India and abroad. Late A.K. Banerji was Senior Faculty with the Administrative Staff College of India, Hyderabad. He had over three decades of experience in the maintenance of various aircrafts, including helicopters. Also, he conducted a number of programmes for senior executives on maintenance and spare parts management. He was also a consultant to several organisations.