Preventive vs Run-to-Failure: Cost per Operating Hour
This lesson is part of the course
In this lesson
You compare the cost per operating hour of running each asset to failure with a preventive plan, pick the cheaper strategy per asset and add up the saving.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Failure Log to MTBF, MTTR & Availability per Asset Locked
- Failure Rate & Reliability over Time: R(t) = e^(−λt) Locked
- Weibull Basics: Shape β from a Linearised Fit Locked
- Preventive vs Run-to-Failure: Cost per Operating Hour Locked
- Optimal Preventive Interval: Cost-Rate Table & Chart Locked
- Spare Parts Stock with Poisson Demand Locked
- Criticality Ranking: Risk Priority Number Locked
- Maintenance Backlog & Planner Workload Locked