DocumentCode
2404168
Title
Availability guarantees and physical assets management: empirical evidence of the impact of some underlying factors
Author
Komonen, Kari
Author_Institution
Tech. Res. Centre of Finland, VTT Ind. Sys.
fYear
2006
fDate
23-26 Jan. 2006
Firstpage
152
Lastpage
158
Abstract
The significance of machinery´s availability performance has increased because of the harder competition in many industrial branches. This trend has caused a demand for higher reliability and a request for availability performance guarantees when acquiring new production equipment. In the competitive environment both the buyer and the supplier has to control risk they meet. Availability guarantee is one of the tools for a buyer to control risk. At the same time it creates a new risk to the supplier. However, the significance of availability (e.g. OEE (overall equipment effectiveness)) depends on business requirements met by a company and it varies branch-wise and plant-wise. Availability performance and the costs of availability, e.g. maintenance costs, are influenced by factors such as production technology, which is in the short run exogenous
Keywords
maintenance engineering; production equipment; reliability; risk management; OEE; assets management; business requirements; buyer; industrial branches; machinery availability guarantee; maintenance costs; overall equipment effectiveness; production equipment; production technology; reliability; risk control; supplier; Asset management; Availability; Business; Companies; Costs; Machinery production industries; Maintenance; Production equipment; Production systems; Warranties;
fLanguage
English
Publisher
ieee
Conference_Titel
Reliability and Maintainability Symposium, 2006. RAMS '06. Annual
Conference_Location
Newport Beach, CA
ISSN
0149-144X
Print_ISBN
1-4244-0007-4
Electronic_ISBN
0149-144X
Type
conf
DOI
10.1109/RAMS.2006.1677366
Filename
1677366
Link To Document