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Published in:

Volume 7 Issue 5
May-2020
eISSN: 2349-5162

Unique Identifier

JETIR2005244

Page Number

751-757

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Title

DOWNTIME COST AND REDUCTION ANALYSIS

ISSN

2349-5162

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"DOWNTIME COST AND REDUCTION ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 5, page no.751-757, May-2020, Available :http://www.jetir.org/papers/JETIR2005244.pdf

Abstract

The purpose of this paper is to present the potential impacts that equipment downtime generates on their product cost and thereby profits. The core results obtained from the investigation show the hourly cost of downtime, whether planned or unplanned, is relatively high. However, there is absence of systematic models that proficient to trace the individual cost imposed by downtime events. Moreover, only rare companies develop their cost accounting methods to assimilate and reveal the real costs that associated with planned and unplanned stoppages. On the other hand, the attempts of falling downtime events and thus costs were based on list maintenance tactics that maintained by overall equipment effectiveness (OEE) tool, as an indicator for affirming improvements. Nonetheless, the analysis indicates the need for optimized maintenance tactics by total productive maintenance (TPM) into companies’ maintenance systems. The maintenance role of dropping downtime impacts not highly recognized. Last but not least, the lack of totally combined models for calculating the downtime costs and frameworks for characteristic the difference between planned and unplanned stoppages are the main causes behind the continuation of cost in rising form. Due to that, the progresses will emphasize on areas with less cost saving opportunities. As a result, this will affect the production efficiency and effectiveness which in reappearance has its influence on costs and thereby profits margin.

Key Words

Downtime cost, planned stoppage, Performance measurement systems, Maintenance optimization

Cite This Article

"DOWNTIME COST AND REDUCTION ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 5, page no. pp751-757, May-2020, Available at : http://www.jetir.org/papers/JETIR2005244.pdf

Publication Details

Published Paper ID: JETIR2005244
Registration ID: 232446
Published In: Volume 7 | Issue 5 | Year May-2020
DOI (Digital Object Identifier):
Page No: 751-757
ISSN Number: 2349-5162

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Cite This Article

"DOWNTIME COST AND REDUCTION ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 5, page no. pp751-757, May-2020, Available at : http://www.jetir.org/papers/JETIR2005244.pdf




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