Abstract
This research tries to establish an optimum life cycle cost (LCC) based strategy model of equipments’ purchasing and maintenance. The study integrates the technique of failure modes and effect analysis (FMEA) and analysis of equipment maintenance cost to optimize LCC of equipments’ decision in order to sustain and promote the firms’ competitive capability. A revised FMEA table will be utilized to collect data and demonstrate the relevance among estimated failure cost, severity of effect and cost of actions-taken that constructs the main frame of the method. Finally, this study uses an equipment group in assembly house of semiconductor, S company as a case study to prove the model’s applicability and suitability.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Chang DS, Sun KL (2009) Applying DEA to enhance assessment capability of FMEA. Int J Qual Reliab Manag 26(6):629–643
Dong C (2007) Failure mode and effects analysis based on fuzzy utility cost estimation. Int J Qual Reliab Manag 24(9):958–971
Goralczyk M, Kulczycka J (2005) LCC application in the polish mining industry. Manag Environ Qual Int J 16(2):119–129
Ilangkumaran M, Thamizhselvan P (2010) Integrated hazard and operability study using fuzzy linguistics approach in petrochemical industry. Int J Qual Reliab Manag 27(5):541–557
Korpi E, Ala-Risku T (2008) Life cycle costing: a review of published case studies. Manag Audit J 23(3):240–261
Lutz J, Lekov A, Chan P, Whitehead CD, Meyers S, McMahon J (2006) Life-cycle cost analysis of energy efficiency design options for residential furnaces and boilers. Energy 31(2):311–329
Murphy M, Heaney G, Perera S (2011) A methodology for evaluating construction innovation constraints through project stakeholder competencies and FMEA. Constr Innov 11(4):416–440
Olubodun F, Kangwa J, Oladapo A, Thompson J (2010) An appraisal of the level of application of life cycle costing within the construction industry in the UK. Struct Surv 28(4):254–265
Pillay A, Wang J (2003) Modified failure mode and effects analysis using approximate reasoning. Reliab Eng Syst Saf 1(79):69–85
Sharma RK, Kumar D, Kumar P (2005) Systematic failure mode effect analysis (FMEA) using fuzzy linguistic modeling. Int J Qual Reliab Manag 22(9):986–1004
Teng SH, Ho SY (1996) Failure mode and effects analysis: an integrated approach for product design and process control. Int J Qual Reliab Manag 13(5):8–26
Teoh P, Case K (2004) Failure modes and effects analysis through knowledge modeling. J Mater Process Technol 153:253–260
Utne IB (2009) Life cycle cost (LCC) as a tool for improving sustainability in the Norwegian fishing fleet. J Clean Prod 17(3):335–344
Woodward D (1997) Life cycle costing – theory, information acquisition and application. Int J Proj Manag 15(6):335–441
Wu CM, Sun CL (2011) Economy about the energy-saving of buildings’ envelope with LCC theory. Build Energy Eff 121(2):63–64
Zachariassen F, Arlbjørn JS (2011) Exploring a differentiated approach to total cost of ownership. Ind Manag Data Syst 111(3):448–449
Acknowledgement
This research has been supported by S company in Kunshan city, Jiangsu province, China. The authors would like to thank the management for providing the opportunity for this research, and especially staffs of the stamping department who provided us with useful technical information.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2013 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Chen, Cc., Zhang, H. (2013). A FMEA-Aided Equipment Life-Cycle-Cost Measurement System. In: Dou, R. (eds) Proceedings of 2012 3rd International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012). Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-33012-4_26
Download citation
DOI: https://doi.org/10.1007/978-3-642-33012-4_26
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-33011-7
Online ISBN: 978-3-642-33012-4
eBook Packages: Business and EconomicsBusiness and Management (R0)