A textile printed material is highly demanded in the market. But the production process is equally cumbersome. This paper focuses on textile printing machine and how to increase the utilization of the machine so that optimum quality can be achieved. For this life cycle cost using reliability model and other quantitative techniques are used. The objective of LCC analysis is to choose the most cost-effective approach from a series of alternatives so the least long-term cost of ownership is achieved. LCC is strongly influenced by equipment grade, the grade of installation and use practices, and maintenance strategies. The typical problem of specifying and justifying equipment is producing the numbers and making them defensible in the face of numerous conflicts: · Project engineers want to minimize capital expenditures · Maintenance Engineers want to minimize repair hours · Production wants to maximize uptime hours · Reliability Engineers want to maximize equipment reliability, and · Accounting wants to maximize net present value of the project.
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Dr. Kirti Arekar is Assistant Professor at the KJ Somaiya Institute of Management Studies and Research. She has done PhD. in Statistics in 2002. Her research and teaching Interests include Statistics, Reliability Models, Operation Research and Research Methodology. She is also as a consultant for Lumiere Business Solution Mumbai.
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