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PUBLICATIONS

Economics of Manufacturing Machinery Maintenance: A Survey and Analysis of U.S. Costs and Benefits

Published

Author(s)

Douglas Thomas, Brian Weiss

Abstract

This report examines U.S. costs of machinery maintenance along with losses due to inadequate maintenance strategies in discrete manufacturing (NAICS 321-339, excluding NAICS 324 and 325) using data collected from U.S. manufacturers. The report further examined the perceived and observed benefits of investing in and advancing maintenance strategies. Estimates for costs and losses are annual values for 2016.
Citation
Advanced Manufacturing Series (NIST AMS) - 100-34
Report Number
100-34
NIST Pub Series
Advanced Manufacturing Series (NIST AMS)
Pub Type
NIST Pubs

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DOI Link

Keywords

Manufacturing, maintenance, machinery, economics, costs, monitoring, diagnostics, prognostics
Systems engineering, Quality assurance, Process improvement, Manufacturing systems design and analysis, Manufacturing economics and Factory operations planning and control

Citation

Thomas, D. and Weiss, B. (2020), Economics of Manufacturing Machinery Maintenance: A Survey and Analysis of U.S. Costs and Benefits, Advanced Manufacturing Series (NIST AMS), National Institute of Standards and Technology, Gaithersburg, MD, [online], https://doi.org/10.6028/NIST.AMS.100-34 (Accessed May 1, 2024)

Created June 1, 2020, Updated June 24, 2021