Equipment Reliability model
The purpose of the Equipment Reliability model is to analyze the performance of the equipment fleet and customer equipment to maximize equipment availability and minimize their operating costs. Several KPIs are available such as Mean Time between Failures (MTBF), Mean Time to Repair (MTTR), Mean Time between Shutdowns (MTBS), and Availability Index.
The model provides insights into these topics:
- Equipment reliability trends
- Actual vs planned usage comparisons
- Preventive maintenance vs breakdown or unscheduled jobs