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For a complex engineering system containing thousands of assemblies, sub-assemblies, components, organized into several levels of indenture and with a number of possible repair decisions, LORA seeks to determine an optimal provision of repair and maintenance facilities to minimize overall system life-cycle costs.
Planned preventive maintenance (PPM), more commonly referred to as simply planned maintenance (PM) or scheduled maintenance, is any variety of scheduled maintenance to an object or item of equipment. Specifically, planned maintenance is a scheduled service visit carried out by a competent and suitable agent, to ensure that an item of equipment ...
CAO – Chief administrative officer or chief accounting officer; CAPEX – Capital expenditure; CAPM – Capital asset pricing model [1] CBOE – Chicago Board Options Exchange; CBOT – Chicago Board of Trade; CDO – Collateralized debt obligation or chief data officer; CDM – Change and data management; CDS – Credit default swap; CEO ...
Manufacturing execution systems (MES) are computerized systems used in manufacturing to track and document the transformation of raw materials to finished goods. MES provides information that helps manufacturing decision-makers understand how current conditions on the plant floor can be optimized to improve production output. [ 1 ]
ANSI/ISA-95.00.03-2005 Enterprise-Control System Integration, Part 3: Models of Manufacturing Operations Management; MES Center Association, MES Center is a non-profit organization that provides information and trends to those who are interested in control and monitoring of production processes, detailed scheduling, production logistics, production quality management and maintenance from the ...
Reliability-centered maintenance (RCM) is a concept of maintenance planning to ensure that systems continue to do what their users require in their present operating context. [1] Successful implementation of RCM will lead to increase in cost effectiveness, reliability, machine uptime, and a greater understanding of the level of risk that the ...
Maximo is designed to assist an organisation in managing its assets such as buildings, vehicles, fire extinguishers, equipment recording details such as details, maintenance schedules and participating in workflows to manage the assets.
Maintenance, and hence maintenance engineering, is increasing in importance due to rising amounts of equipment, systems, machineries and infrastructure. Since the Industrial Revolution , devices, equipment, machinery and structures have grown increasingly complex, requiring a host of personnel, vocations and related systems needed to maintain ...