An economic framework for total productive maintenance (TPM)

Rodrigo E. Peimbert-García, Jorge Limón-Robles, Mario G. Beruvides, Diana García-Hernández

Research output: Contribution to conferencePaper

2 Scopus citations

Abstract

In the last twenty years, the knowledge of Lean has been spread out to the industry and the academia as well. Lean represents a set of tools that can be used in order to eliminate the activities that do not add value, commonly called wastes. However, Lean is characterized for improvements where practitioners are not used to tie them up to the savings or the economic benefits of these improvements. Literature about the economic effects of using Lean tools is scarce. A Lean tool that has been widely applied is Total Productive Maintenance (TPM). It is based on the Overall Equipment Efficiency (OEE) index. This index is obtained from three particular elements: Availability, performance and the quality ratio. The OEE index makes TPM suitable for an economic analysis where it is possible to quantify the benefits associated with it in terms of money; a language that management can understand. One of the general models to measure economics is the Cost of Quality (COQ) model, also known as the PAF model with the inclusion of opportunity costs (L). For this reason, this paper develops an economic framework for TPM based on the COQ model, supported by an economic Model.

Original languageEnglish
Pages2760-2769
Number of pages10
StatePublished - 2012
Event62nd IIE Annual Conference and Expo 2012 - Orlando, FL, United States
Duration: May 19 2012May 23 2012

Conference

Conference62nd IIE Annual Conference and Expo 2012
CountryUnited States
CityOrlando, FL
Period05/19/1205/23/12

Keywords

  • Cost of quality
  • Economic model
  • PAF model
  • TPM
  • Total productivity maintenance

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    Peimbert-García, R. E., Limón-Robles, J., Beruvides, M. G., & García-Hernández, D. (2012). An economic framework for total productive maintenance (TPM). 2760-2769. Paper presented at 62nd IIE Annual Conference and Expo 2012, Orlando, FL, United States.