ABSTRACT

As global industrial competitiveness increases, showing value, particularly in equipment reliability, is an urgent business requirement. Sophisticated, user-friendly software is integrating the supply chain, forcing maintenance to be even more mission critical. We must respond effectively to incessantly fluctuating market demands. All of this is both empowering and extremely challenging. Mathematical and statistical models are invaluable aides. They can help you increase your plant’s reliability and efficiency, at the lowest possible cost.