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
Related Articles
- EP ID EP303827
- DOI -
- Views 61
- Downloads 0
Multi-Objective Optimization of MQLC Turning Process Parameters Using Grey-Fuzzy Approach
In this paper the influence of different machining parameters on the surface roughness, cutting force and material removal rate during turning process using MQLC (minimum quantity lubrication and cooling) system was inve...
Numerical Simulation of Two-Phase Interfacial Flows
The paper presents the volume-of-fluid (VOF) method for interface capturing in free surface flows in OpenFOAM® software. The VOF-model utilises an algebraic compressive scheme to effectively shrink the transitional regio...
Reconstruction of Channels for Flue Gases Discharge in Thermal Power Plant „Kakanj“
As the result of combustion process in boilers of the Thermal Power Plant „Kakanj“, flue gases develop, which are undesirable for the environment, for people living in the plant neighborhood and for flora and fauna. In o...
Toughness and Fatigue Analysis of Al 6xxx Alloys
Mechanical properties of every material play important role during material selection for any mechanic system. The main mechanics property which is crucial for material selection is Toughness. The paper present some of t...
Mirce Profitability Equation
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,...