Journal ArticleDOI
Maintenance performance measurement (MPM): issues and challenges
Aditya Parida,Uday Kumar +1 more
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In this article, the authors identify various issues and challenges associated with the development and implementation of a maintenance performance measurement (MPM) system, and propose a method to identify the most important issues.Abstract:
Purpose - The purpose of this study is to identify various issues and challenges associated with development and implementation of a maintenance performance measurement (MPM) system. Design/methodo ...read more
Citations
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Pengukuran efektivitas mesin dengan menggunakan metode overall equipment effectiveness (oee) di pt. setiaji mandiri
TL;DR: In this paper, PT. Setiaji Mandiri merupakan salah satu perusahaan ying bergerak dibidang fibrecement manufacture.
Journal ArticleDOI
A real options approach for joint overhaul and replacement strategies with mean reverting prices
TL;DR: Results show that the option-based decision model economically outperforms the classical periodic strategy approach from with net present value increments ranging from 36.8 to 8.6%, offering evidence that a new approach to equipment overhaul and replacement strategy is needed.
Journal ArticleDOI
Understand what your maintenance service partners value
TL;DR: In this article, the authors identify what is currently valued in maintenance services, including both financial and non-financial elements, and provide insight into its actors' attitudes toward value creation.
Dissertation
An asset investment decision framework to prioritise shutdown maintenance tasks
TL;DR: In this paper, an asset investment decision framework is developed to prioritise the maintenance tasks proposed for an upcoming shutdown on a critical asset, in addition to the value delivered by each maintenance task.
Journal ArticleDOI
Business Performance Measurements in Asset Management with the Support of Big Data Technologies
TL;DR: In this article, the role of new concepts such as big data and data mining analytical technologies in managing the performance measurements in asset management is discussed in detail and the authors suggest the use of the modified Balanced Scorecard methodology highlighting both qualitative and quantitative aspects, which is crucial for optimum use of big data approach and technologies.
References
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Book
The balanced scorecard : measures that drive performance
Robert S. Kaplan,David P. Norton +1 more
TL;DR: A "balanced scorecard" is developed, a new performance measurement system that gives top managers a fast but comprehensive view of the business and complements those financial measures with three sets of operational measures having to do with customer satisfaction, internal processes, and the organization's ability to learn and improve.
Journal ArticleDOI
Performance measurement system design: A literature review and research agenda
TL;DR: Following a comprehensive review of the literature, proposes a research agenda that focuses on the process of performance measurement system design, rather than the detail of specific measures.
Journal ArticleDOI
Transforming the Balanced Scorecard from Performance Measurement to Strategic Management: Part II
Robert S. Kaplan,David P. Norton +1 more
TL;DR: The Balanced Scorecard as mentioned in this paper is an approach that combines financial measures with non-financial measures, such as customer relationships, innovative products and services, high-quality and responsive operating processes, skills and knowledge of the workforce, information technology that supports the work force and links the firm to its customers and suppliers, and the organizational climate that encourages innovation, problem-solving, and improvement.
Journal Article
The performance measurement manifesto.
TL;DR: Industry and trade associations, consulting firms, and public accounting firms that already have well-developed methods for assessing market share and other performance metrics can add to the revolution's momentum--as well as profit from the business opportunities it presents.