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Maintenance is a dynamic and nonlinear function of production. Because the management of maintenance is so nonlinear and has so many variables, it is all but impossible to predict future maintenance costs. But, just because the many variables make it impossible to predict future costs it does not mean that a maintenance department cannot produce the lowest maintenance cost per unit of production possible if given certain support from senior management. We offer a metric, the "Inverse-Square Rule for Deferred Maintenance", that can offer management a way to produce the lowest maintenance cost per unit of production possible without a large capital injection to create improvement or recovery. The metric seems to work across all industries and types of equipment and gives management an easy rule of thumb to predict the true risk/reward ratio for making operational and budgetary decisions concerning production and maintenance. If you should care to learn more about how the metric works, I am at your service. Sincerely, David Tod Geaslin |
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