Definition: Total Effective Equipment Performance (TEEP)
July 20, 2010
A measure of how well an organization is creating value from its assets.
TEEP = utilization x availability x performance x quality - utilization x OEE
Tip excerpted from The Professional’s Guide To Maintenance And Reliability
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Comments (2)
Again thanks for the effort and the opportunity to review TEEP.
Herb
1) Posted 8:08 am, 22 July 2010 by Herb Charles
I agree with your comment but if you substitute "-" with "=" the formula is correct. I think somebody just made a typo. Still it needed to be corrected.
2) Posted 8:38 am, 29 July 2010 by Kris