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  2. Mean time to repair - Wikipedia

    en.wikipedia.org/wiki/Mean_time_to_repair

    Mean time to repair (MTTR) is a basic measure of the maintainability of repairable items. It represents the average time required to repair a failed component or device. [ 1 ] Expressed mathematically, it is the total corrective maintenance time for failures divided by the total number of corrective maintenance actions for failures during a ...

  3. Mean down time - Wikipedia

    en.wikipedia.org/wiki/Mean_down_time

    In organizational management, mean down time (MDT) is the average time that a system is non-operational. This includes all downtime associated with repair , corrective and preventive maintenance , self-imposed downtime , and any logistics or administrative delays.

  4. Availability - Wikipedia

    en.wikipedia.org/wiki/Availability

    It includes logistics time, ready time, and waiting or administrative downtime, and both preventive and corrective maintenance downtime. This value is equal to the mean time between failure divided by the mean time between failure plus the mean downtime (MDT). This measure extends the definition of availability to elements controlled by the ...

  5. Corrective maintenance - Wikipedia

    en.wikipedia.org/wiki/Corrective_maintenance

    Inflight maintenance checklist procedure before starting waste collection system repair on board the Atlantis shuttle. Corrective maintenance is a maintenance task performed to identify, isolate, and rectify a fault so that the failed equipment, machine, or system can be restored to an operational condition within the tolerances or limits established for in-service operations.

  6. Mean time to recovery - Wikipedia

    en.wikipedia.org/wiki/Mean_time_to_recovery

    Mean time to recovery (MTTR) [1] [2] [3] is the average time that a device will take to recover from any failure. Examples of such devices range from self-resetting fuses (where the MTTR would be very short, probably seconds), to whole systems which have to be repaired or replaced.

  7. Mean time between failures - Wikipedia

    en.wikipedia.org/wiki/Mean_time_between_failures

    A concept which is closely related to MTBF, and is important in the computations involving MTBF, is the mean down time (MDT). MDT can be defined as mean time which the system is down after the failure. Usually, MDT is considered different from MTTR (Mean Time To Repair); in particular, MDT usually includes organizational and logistical factors ...

  8. How to create a business budget - AOL

    www.aol.com/finance/create-business-budget...

    Bankrate insight. If your total product revenue is $50 and the total production costs are $35, your gross profit would be $15. To find the gross profit margin, you’d do the following calculation ...

  9. Maintenance - Wikipedia

    en.wikipedia.org/wiki/Maintenance

    Predictive maintenance techniques are designed to help determine the condition of in-service equipment in order to estimate when maintenance should be performed. This approach promises cost savings over routine or time-based preventive maintenance, because tasks are performed only when warranted. Thus, it is regarded as condition-based ...