I'm not much help on this, but maybe this link to a tutorial has some information that you find useful...
http://www.freestudy.co.uk/dynamics/velaccdiag.pdf
There are software aids and university courses available in the field of terotechnology. It seems to be a sound principle using cross-disciplinary analysis of any asset (building, machine, product) over its complete life cycle from acquisition to optimal maintenance schedules to disposal and replacement that will maximize the utility at the lowest cost. I would guess that someone proficient in this field would be very useful in engineering/design firms.
Vitreous Humor
"Eye can see clearly now..."