Preparation Time: The amount of time it takes to prepare for the repair of a part. Preparation tasks might include setting up equipment that may be used for the repair or disassembling any equipment. The spare parts are not required to be in stock for preparation tasks to be performed. The list to the right of the Preparation Time box lets you define the unit of measure for the specified period of time. By default, Days is selected as the unit of measure.
Repair Time: The amount of time it takes to complete the actual repair. The list to the right of the Repair Time field lets you define the unit of measure for the specified period of time. By default, Days is selected as the unit of measure.
Total Correction Time: The sum of the values in the Preparation Time and Repair Time boxes. This box is populated automatically after you enter values in the Preparation Time and Repair Time boxes. This value is not stored in the Spare Application record; it appears only in the Failure Consequence section of the Spare Application record. The list to the right of the Total Correction Time box contains the unit of measure for the specified period of time. The list is populated automatically with the unit of measure that is the largest between the selections in the Preparation Time and Repair Time lists.
Labor Cost($): The cost of the labor associated with the value in the Total Correction Time box.
Fixed Lost Production Cost($): The lost production cost that is incurred each time the piece of equipment fails, regardless of the length of downtime. For example, when a piece of equipment fails, there might be incomplete products that must be thrown away, therefore costing your organization a total of $20,000 each time the piece of equipment fails.
Variable Lost Production Cost Rate ($): For a piece of equipment failure, the lost production cost per unit of downtime. For example, your organization might lose $100,000 per day that the piece of equipment is down. The list to the right of the Variable Lost Production Cost Rate ($) field lets you define the unit of measure for the specified cost. By default, Day is selected as the unit of measure.
# of Required Spares: The number of spare parts that will be used for this particular repair.
Select .
The values are saved in the Failure Distributions section.
