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Title: Improving overall equipment cost loss adding cost of quality
Authors: R. Wudhikarn
Keywords: Business, Management and Accounting
Decision Sciences
Issue Date: 15-Jun-2012
Abstract: This research has the objective of improving indicators for evaluating losses of equipment. It also proposes a newly developed computing methodology for estimating the quantitative losses in monetary unit. The presented methodology is to calculate losses following overall equipment effectiveness (OEE) consisting of opportunity and production cost losses and also from cost of quality (COQ) approaches. This method eliminates some of OEE's weaknesses and expands scope from overall equipment cost loss (OECL). The proposed calculating methodology is demonstrated by applying to a real manufacturer of equipment. This newly improved model can prioritise problematic equipment more appropriately than OEE and OECL. © 2012 Copyright Taylor and Francis Group, LLC.
ISSN: 1366588X
Appears in Collections:CMUL: Journal Articles

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