Downtime Cost of Equipment Used In a Construction Industry

Main Article Content

Miss. Kalpana Gangane, Mr. Dipak Patil

Abstract

The purpose of this paper is to present a sample of how Construction companies deal with equipment downtime cost, and further how they analyze its reduction. The study was performed by conducting a web-based survey within construction firms that have at least 200 employees. The main results obtained from the investigation show that the estimated downtime cost constitutes about 23.9 % from the total manufacturing cost ratio, and 13.3 % from planned production time. Additionally, the hourly cost of downtime, whether planned or unplanned, is relatively high. Finally, the lack of fully integrated models for assessing the downtime costs and frameworks for distinguishing the difference between planned and unplanned stoppages are the main reasons behind the continuation of cost in ascending form. Due to that, the improvements will emphasize on areas with less cost saving opportunities. As a result, this will affect the production efficiency and effectiveness which in return has its influence on costs and thereby profits margin.

Article Details

How to Cite
, M. K. G. M. D. P. (2017). Downtime Cost of Equipment Used In a Construction Industry. International Journal on Future Revolution in Computer Science &Amp; Communication Engineering, 3(12), 271–277. Retrieved from http://www.ijfrcsce.org/index.php/ijfrcsce/article/view/407
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