Effective Maintenance Systems
Maintenance activities are linked with keeping a
facility’s systems and machinery in working order (Sheu,
1994). These activities unarguably cost companies a lot of
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time and money, but are a necessary business expense. In
the industrial sector, with maintenance expenses running
15-40% of production costs, smart management has realized
that maintenance, with its high cost and low efficiency, is
one of the last cost saving frontiers (Löfsten, 1999).
Furthermore, the most successful systems seek to assimilate
it into the corporate fabric and save the company time and
money.
Construction industry leaders realize the need to
squeeze maximum efficiency from their company’s assets.
One of the primary objectives of Productive Maintenance is
to assist managers in selecting the least cost corrective
maintenance policy, one that reduces the severity of
equipment failures (Sheu, 1994). In addition the optimal
maintenance program prescribes not only when to repair but
also when to inspect (Hontlez, 1996). Ideally, the goal
of Productive Maintenance is to maximize asset utilization
and minimize loss from unproductive maintenance