2021
DOI: 10.22581/muet1982.2102.17
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Forecasting Machine Failure Using DMG and Weibull Analysis in an Automotive Industry: A Case Study

Abstract: In manufacturing or production setup, maintenance cost is one of the major portions of overall operating expenditure. It can vary between 15 to 60 percentage of overall cost for various industries including food related industries, iron, steel and other heavy industries. Such a high cost directly impacts manufacturing setup, profitability and sustainability in long run. In most of the industries, ineffective maintenance management can result in loss of capital and inefficient human… Show more

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Cited by 3 publications
(2 citation statements)
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“…In most industries, ineffective maintenance management can result in the loss of capital and inefficient human resource deployment. This, in turn, affects the plants' ability to manufacture quality steel that is competitive in the market [13,58,66,67]. Lastly, in terms of product quality and customer satisfaction, increasing customer satisfaction by producing quality products at low cost is a major concern for businesses.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…In most industries, ineffective maintenance management can result in the loss of capital and inefficient human resource deployment. This, in turn, affects the plants' ability to manufacture quality steel that is competitive in the market [13,58,66,67]. Lastly, in terms of product quality and customer satisfaction, increasing customer satisfaction by producing quality products at low cost is a major concern for businesses.…”
Section: Discussionmentioning
confidence: 99%
“…The utilization of MCDM models in steel manufacturing companies not only provides practical insights and guidance for decision-makers but also contributes to the literature by offering a systematic and comprehensive approach to addressing sustainability challenges. These models enhance our understanding of the complex interplay between decision-making factors and their impact on sustainability outcomes, thereby advancing knowledge in the field and paving the way for more informed and sustainable practices in the steel manufacturing industry [13,43,58,[67][68][69][70].…”
Section: Discussionmentioning
confidence: 99%