International Journal of Industrial Engineering and Management

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Vol. 11 No. 2 (2020)
Original Research Article

Performance Prediction Through OEE-Model

Chintada Anusha
Vellore Institute of Technology, School of Mechanical Engineering
Bio
Venkata Umasankar
Vellore Institute of Technology, School of Mechanical Engineering
Bio

Published 2020-06-30

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Keywords

  • Overall Equipment Effectiveness,
  • Simple moving average,
  • Holt’s double exponential smoothing,
  • Predictive analytics,
  • Losses

How to Cite

Anusha, C., & Umasankar, V. (2020). Performance Prediction Through OEE-Model. International Journal of Industrial Engineering and Management, 11(2), 93–103. https://doi.org/10.24867/IJIEM-2020-2-256

Abstract

Prediction of an organization’s performance has become essential for any organization for its potential customers to place orders with confidence. Overall Equipment Effectiveness (OEE) is one of the acknowledged measures for performance monitoring. In this paper, two different techniques, a simple moving average and Holt’s double exponential smoothing methods, are used to evaluate OEE and to predict the future performance of overall equipment effectiveness in R studio. Holts Double exponential smoothing method was found to result in minimum error measured by mean absolute deviation. Python program is to predict major losses to improve the productivity of the organization by management.

 

Article history: Received (October 03, 2020); Revised (April 02, 2020); Accepted (April 02, 2020); Published online (April 29, 2020)  

 

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