Overall Equipment Effectiveness (OEE)
Study Ch 8 pp. 248-261 (2nd edition) or pp. 264-278 (3rd edition), then review PPt lecture for this module, and, then answer the following questions:
a) What is the rationale for using the coefficient of variation c instead of the standard deviation σ as a measure of variability?
b) Why use Utilization for existing equipment in operation and OEE for new proposed plant equipment?
HERE is the book: Hopp, Wallace J., and Spearman, Mark L. Factory Physics. 3rd ed.