Mirce Profitability Equation
Journal Title: Mašinstvo - Year 2016, Vol 13, Issue 2
Abstract
Commonly, maintenance is perceived as “fixing broken things”. As such, it is associated with failure consequences and unplanned expenses, both of which negatively impact business plans or customer satisfaction. However, as failures are an inevitability of the life of any technological system, it would be worthwhile to start looking at maintenance as opportunity for dealing with them and making t positive impact on business plans or customer satisfaction, while generating profit. Thus, the main objective of this paper is to present the Mirce Mechanics approach to maintenance that is focused on the way that failures, once scientifically understood, could be managed in the way that reduces the number of in-service interruptions and operational costs, which in turn will generate profit for private companies or increases the effectiveness of public services like health, transportation, tourism up to the national defense. Finally, the development of the Mirce Profitability Equation has been presented in the paper, which is the bed rock of this approach.
Authors and Affiliations
Jezdimir Knezevic
Keywords
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