Title :
Cost Effectiveness of Introducing Standby Into A Production System
Author :
Venkateswarlu, P. ; Kochar, Inderpal Singh
Author_Institution :
Lecturer; National Institute for Training in Industrial Engineering; Vihar Lake Rd, Bombay-400 087 INDIA.
fDate :
4/1/1982 12:00:00 AM
Abstract :
A systematic method is proposed to compare the investment in a standby for a crucial equipment in a production system and the anticipated benefits therefrom. The anticipated benefits take into account the cost of repairs, switching, operation, maintenance, and lost production. A method is proposed to identify the most economic mode of operation of the standby system.
Keywords :
Control charts; Costs; Industrial training; Investments; Lakes; Production systems; Reliability engineering; Sampling methods; Statistics; Testing; Present value; Production cost; Standby system;
Journal_Title :
Reliability, IEEE Transactions on
DOI :
10.1109/TR.1982.5221258
