Defining performance formulas

Define formulas used to calculate equipment performance. A formula consists of four variables that include condition, capacity, MTBF (mean time between failure), and MTTR (mean time to repair), and up to six user defined variables. Each variable is assigned a weight which determines how much it contributes to the overall performance of the equipment.

Performance is a number between 0 and 100, where 0 is poor performance and 100 is best performance.

  1. Select Equipment > Performance Formulas.
  2. Click New Record.
  3. Specify this information:
    Performance Formula
    Select the performance formula to use to calculate equipment performance.
    Description
    Specify a description for the performance formula
    Organization
    Specify the organization for the performance formula.
    Class
    Specify the class for the performance formula.
    Status
    Specify the performance formula, such as Unfinished, Request Approval, or Approved.
  4. Specify this condition and capacity details:
    Capacity Rating Weight
    Specify a weight for the capacity rating from 0 to 1.
    Condition Rating Weight
    Specify a weight for the condition rating from 0 to 1.
    Capacity Code
    Specify the capacity code for the performance formula.
  5. Specify this information for the MTBF and MTTR details:
    MTBF Rating Weight
    Specify the weight that must be assigned to the MTBF (mean time between failure) Rating of the equipment.
    Maximum Allowable Failures per Year
    Specify the maximum number of failures allowed per year.
    Include Children
    Select this check box to include the children of the equipment.
    Usage Based
    Select this check box to calculate the number of failures relative to the usage of the equipment. For example, for a bus it may be more relevant to know that there are 10 failures per 10000 miles than 10 failures per year.
    At Usage per Day
    Specify the usage per day and the Usage per Day UOM for the performance formula.
    MTTR Rating Weight
    Specify the weight that must be assigned to the MTTR (mean time to repair) Rating of the equipment.
    Maximum Allowable Repair Hours
    Specify the maximum number of hours allowed for repair.
    Repair Time Calculation
    Specify the calculation for determining the repair time.
    Use Downtime Hours if Present
    Select this check box to use downtime hours for repair if available.
  6. Specify this information all desired variables:
    Note: You can set up the use of six configurable parameters and weights to include in the performance calculations. All variables work the same way.
    Variable 1 Rating Weight
    Specify the weight that must be assigned to the Variable 1 Rating of the equipment.
    Variable 1 Query
    Specify the query for the first variable.
    Best Acceptable Result 1
    Specify the best acceptable result for the first variable.
    Worst Acceptable Result 1
    Specify the worst acceptable result for the first variable.
  7. Click Save.