Technique: Benchmarking
When it comes to benchmarking, a popular measurement is maintenance cost (MC) as a percent of Estimated Replacement Value (ERV). The data from our SIMATM database shows that the MC/ERV for process industry is: Maintenance Cost as a Percent of Estimated Replacement Value (ERV) Low High Total 1.5 % 6.3 % Labor 0.6 % 2.4 […]
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