Paper Info
Title
Enhancing a company's profitability and competitiveness using integrated vibration-based maintenance: A case study
Abstract
In this paper a model is developed for identifying, monitoring and improving the economic impact of vibration-based maintenance (VBM). This model provides an additional possibility of identifying where, why and how much capital should be invested, and judges whether or not the investment was cost-effective. The model is further utilised to develop relevant maintenance performance measures. When the model was tested in a Swedish paper mill, the main results were: the average yearly maintenance profit achieved using integrated VBM was at least 3.58 million Swedish kronor (SEK) (approximately US$0.358 million), and average potential savings (economic losses) were around SEK 30 million (US$3 million). Furthermore, the model facilitated identification of problem areas and recognition of where investments should be made. The major conclusion is that the better the data coverage and quality, the greater control is possible over direct maintenance costs, savings and further profits in maintenance. Moreover, using the model it would be easier and more reliable to detect deviations in the maintenance performance and eliminate their causes at an early stage.
Year
DOI
Venue
2004
10.1016/S0377-2217(03)00258-3
European Journal of Operational Research
Keywords
Field
DocType
Productivity and competitiveness,Maintenance,Life cycle cost (LCC),Cost–benefit analysis,Integrated vibration-based maintenance
Economic impact analysis,Terotechnology,Cost–benefit analysis,Profitability index,Vibration,Mathematics,Operations management
Journal
Volume
Issue
ISSN
157
3
0377-2217
Citations 
PageRank 
References 
9
1.37
1
Authors
2
Name
Order
Citations
PageRank
Basim Al-najjar191.71
Imad Alsyouf2115.44