New approach towards formulation of the overall equipment effectiveness

Purpose The purpose of this paper is to propose a new formulation of the overall equipment effectiveness (OEE) relying on the process approach (PA) in maintenance. This new indicator will be designated by OEE-TCQ. Design/methodology/approach Methodology followed in this paper is based on using two major parts. The first part deals with the use of time-driven activity-based costing (TDABC) and program evaluation and review technique (PERT)...