Cost effectiveness of condition based maintenance in manufacturing

This paper presents a proposed guide for analysis of the costs and benefits of implementing Condition Based Maintenance (CBM) in manufacturing industry. The guide will be exemplified with results from a case study performed in a real CBM implementation in hardening and machining processes in a large manufacturing facility. The result indicates factors that ought to be taken into consideration in order to evaluate both the cost of implementing CBM and its benefits. These factors indicate the benefits of CBM mostly by reducing the losses due to damage in the production equipment, including capital loss, production loss, quality loss, environmental loss, safety loss etc. By analyzing the empirical data, the most potential savings by implementing CBM are presented as; reducing the probability of having maximal damage in the production equipment and, reducing production losses particularly in high production volumes.