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Article
Publication date: 18 September 2024

Felipe Terra Mohad, Leonardo de Carvalho Gomes, Guilherme da Luz Tortorella and Fernando Henrique Lermen

Total productive maintenance consists of strategies and procedures that aim to guarantee the entire functioning of machines in a production process so that production is not…

Abstract

Purpose

Total productive maintenance consists of strategies and procedures that aim to guarantee the entire functioning of machines in a production process so that production is not interrupted and no loss of quality in the final product occurs. Planned maintenance is one of the eight pillars of total productive maintenance, a set of tools considered essential to ensure equipment reliability and availability, reduce unplanned stoppage and increase productivity. This study aims to analyze the influence of statistical reliability on the performance of such a pillar.

Design/methodology/approach

In this study, we utilized a multi-method approach to rigorously examine the impact of statistical reliability on the planned maintenance pillar within total productive maintenance. Our methodology combined a detailed statistical analysis of maintenance data with advanced reliability modeling, specifically employing Weibull distribution to analyze failure patterns. Additionally, we integrated qualitative insights gathered through semi-structured interviews with the maintenance team, enhancing the depth of our analysis. The case study, conducted in a fertilizer granulation plant, focused on a critical failure in the granulator pillow block bearing, providing a comprehensive perspective on the practical application of statistical reliability within total productive maintenance; and not presupposing statistical reliability is the solution over more effective methods for the case.

Findings

Our findings reveal that the integration of statistical reliability within the planned maintenance pillar significantly enhances predictive maintenance capabilities, leading to more accurate forecasts of equipment failure modes. The Weibull analysis of the granulator pillow block bearing indicated a mean time between failures of 191.3 days, providing support for optimizing maintenance schedules. Moreover, the qualitative insights from the maintenance team highlighted the operational benefits of our approach, such as improved resource allocation and the need for specialized training. These results demonstrate the practical impact of statistical reliability in preventing unplanned downtimes and informing strategic decisions in maintenance planning, thereby emphasizing the importance of your work in the field.

Originality/value

In terms of the originality and practicality of this study, we emphasize the significant findings that underscore the positive influence of using statistical reliability in conjunction with the planned maintenance pillar. This approach can be instrumental in designing and enhancing component preventive maintenance plans. Furthermore, it can effectively manage equipment failure modes and monitor their useful life, providing valuable insights for professionals in total productive maintenance.

Details

International Journal of Quality & Reliability Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 6 August 2024

Sooin Kim, Atefe Makhmalbaf and Mohsen Shahandashti

This research aims to forecast the ABI as a leading indicator of U.S. construction activities, applying multivariate machine learning predictive models over different horizons and…

Abstract

Purpose

This research aims to forecast the ABI as a leading indicator of U.S. construction activities, applying multivariate machine learning predictive models over different horizons and utilizing the nonlinear and long-term dependencies between the ABI and macroeconomic and construction market variables. To assess the applicability of the machine learning models, six multivariate machine learning predictive models were developed considering the relationships between the ABI and other construction market and macroeconomic variables. The forecasting performances of the developed predictive models were evaluated in different forecasting scenarios, such as short-term, medium-term, and long-term horizons comparable to the actual timelines of construction projects.

Design/methodology/approach

The architecture billings index (ABI) as a macroeconomic indicator is published monthly by the American Institute of Architects (AIA) to evaluate business conditions and track construction market movements. The current research developed multivariate machine learning models to forecast ABI data for different time horizons. Different macroeconomic and construction market variables, including Gross Domestic Product (GDP), Total Nonresidential Construction Spending, Project Inquiries, and Design Contracts data were considered for predicting future ABI values. The forecasting accuracies of the machine learning models were validated and compared using the short-term (one-year-ahead), medium-term (three-year-ahead), and long-term (five-year-ahead) ABI testing datasets.

Findings

The experimental results show that Long Short Term Memory (LSTM) provides the highest accuracy among the machine learning and traditional time-series forecasting models such as Vector Error Correction Model (VECM) or seasonal ARIMA in forecasting the ABIs over all the forecasting horizons. This is because of the strengths of LSTM for forecasting temporal time series by solving vanishing or exploding gradient problems and learning long-term dependencies in sequential ABI time series. The findings of this research highlight the applicability of machine learning predictive models for forecasting the ABI as a leading indicator of construction activities, business conditions, and market movements.

Practical implications

The architecture, engineering, and construction (AEC) industry practitioners, investment groups, media outlets, and business leaders refer to ABI as a macroeconomic indicator to evaluate business conditions and track construction market movements. It is crucial to forecast the ABI accurately for strategic planning and preemptive risk management in fluctuating AEC business cycles. For example, cost estimators and engineers who forecast the ABI to predict future demand for architectural services and construction activities can prepare and price their bids more strategically to avoid a bid loss or profit loss.

Originality/value

The ABI data have been forecasted and modeled using linear time series models. However, linear time series models often fail to capture nonlinear patterns, interactions, and dependencies among variables, which can be handled by machine learning models in a more flexible manner. Despite the strength of machine learning models to capture nonlinear patterns and relationships between variables, the applicability and forecasting performance of multivariate machine learning models have not been investigated for ABI forecasting problems. This research first attempted to forecast ABI data for different time horizons using multivariate machine learning predictive models using different macroeconomic and construction market variables.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 23 May 2024

Ye Li, Hongtao Ren and Junjuan Liu

This study aims to enhance the prediction accuracy of hydroelectricity consumption in China, with a focus on addressing the challenges posed by complex and nonlinear…

Abstract

Purpose

This study aims to enhance the prediction accuracy of hydroelectricity consumption in China, with a focus on addressing the challenges posed by complex and nonlinear characteristics of the data. A novel grey multivariate prediction model with structural optimization is proposed to overcome the limitations of existing grey forecasting methods.

Design/methodology/approach

This paper innovatively introduces fractional order and nonlinear parameter terms to develop a novel fractional multivariate grey prediction model based on the NSGM(1, N) model. The Particle Swarm Optimization algorithm is then utilized to compute the model’s hyperparameters. Subsequently, the proposed model is applied to forecast China’s hydroelectricity consumption and is compared with other models for analysis.

Findings

Theoretical derivation results demonstrate that the new model has good compatibility. Empirical results indicate that the FMGM(1, N, a) model outperforms other models in predicting the hydroelectricity consumption of China. This demonstrates the model’s effectiveness in handling complex and nonlinear data, emphasizing its practical applicability.

Practical implications

This paper introduces a scientific and efficient method for forecasting hydroelectricity consumption in China, particularly when confronted with complexity and nonlinearity. The predicted results can provide a solid support for China’s hydroelectricity resource development scheduling and planning.

Originality/value

The primary contribution of this paper is to propose a novel fractional multivariate grey prediction model that can handle nonlinear and complex series more effectively.

Details

Grey Systems: Theory and Application, vol. 14 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 30 May 2023

Mahdi Salehi, Raha Rajaeei, Ehsan Khansalar and Samane Edalati Shakib

This paper aims to determine whether there is a relationship between intellectual capital and social capital and internal control weaknesses and assess the relationship between…

Abstract

Purpose

This paper aims to determine whether there is a relationship between intellectual capital and social capital and internal control weaknesses and assess the relationship between the variables of intellectual capital and social capital and internal control weaknesses.

Design/methodology/approach

The statistical population consists of 1,309 firm-year observations from 2014 to 2020. The research hypothesis is tested using statistical methods, including multivariate, least-squares and fixed-effects regression.

Findings

The results demonstrate a negative and significant relationship between intellectual capital, social capital and internal control weaknesses. The study also finds that increased intellectual and social capital quality improves human resource utilization, control mechanism, creativity and firm performance. The results also show that intellectual capital and social capital enhancement will reduce internal control weaknesses in the upcoming years.

Originality/value

This paper is the pioneer study on the relationship between intellectual capital and social capital and internal control weaknesses in Iran, carried out separately and in exploratory factor analysis. This paper considers intellectual capital components for theoretical factor analysis, including human capital, structural capital and customer capital. Internal control weakness is assessed based on financial, non-financial and information technology (IT) weaknesses.

Details

Journal of Islamic Accounting and Business Research, vol. 15 no. 5
Type: Research Article
ISSN: 1759-0817

Keywords

Book part
Publication date: 3 October 2024

Caroline Hanley and Enobong Hannah Branch

Public health measures implemented early in the COVID-19 pandemic brought the idea of essential work into the public discourse, as the public reflected upon what types of work are…

Abstract

Public health measures implemented early in the COVID-19 pandemic brought the idea of essential work into the public discourse, as the public reflected upon what types of work are essential for society to function, who performs that work, and how the labour of essential workers is rewarded. This chapter focusses on the rewards associated with essential work. The authors develop an intersectional lens on work that was officially deemed essential in 2020 to highlight longstanding patterns of devaluation among essential workers, including those undergirded by systemic racism in employment and labour law. The authors use quantitative data from the CPS-MORG to examine earnings differences between essential and non-essential workers and investigate whether the essential worker wage gap changed from month to month in 2020. The authors find that patterns of valuation among essential workers cannot be explained by human capital or other standard labour market characteristics. Rather, intersectional wage inequalities in 2020 reflect historical patterns that are highly durable and did not abate in the first year of the global pandemic.

Details

Essentiality of Work
Type: Book
ISBN: 978-1-83608-149-4

Keywords

Article
Publication date: 22 July 2024

An-Da Li, Yang Zhang, Min Zhang and Fanduo Meng

The purpose of this study is to improve the magnetron quality in Company T by identifying the nonconforming defect, adjusting the factors affecting the leakage of the magnetron…

Abstract

Purpose

The purpose of this study is to improve the magnetron quality in Company T by identifying the nonconforming defect, adjusting the factors affecting the leakage of the magnetron tube core, and determining the optimal parameter values of these factors.

Design/methodology/approach

A case study method is used to present the quality improvement of magnetron tube core. The define, measure, analyze, improve, and control framework is applied in the case study as well as several Six Sigma tools.

Findings

The results show that Ag–W thickness, Ag–W installation state and furnace entry interval are significant factors on the leakage of magnetron tube core, and the optimum settings for these factors are 0.055 mm, offset by 1 mm from the outer edge and 5 cm, respectively.

Research limitations/implications

The main limitation of this study is that it was carried out on a small number of production processes. The authors would like to analyze more case studies on the improvements of after-sales quality and supplier quality.

Practical implications

This research could be used in magnetron manufacturing process as a tool for managers and engineers to improve product quality, which can also be extended to similar manufacturing systems.

Originality/value

In this case study, the Six Sigma approach has been applied for the first time to solve magnetron manufacturing problems by improving the quality of magnetron production process. It can help the quality engineers be more familiar with the deployment of Six Sigma and effective tools.

Details

International Journal of Lean Six Sigma, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-4166

Keywords

Article
Publication date: 8 July 2024

Stanislaus Lobo, Dasun Nirmala Malaarachchi, Premaratne Samaranayake, Arun Elias and Pei-Lee Teh

The purpose of this study is to investigate the influence of design for lean six sigma (DFLSS) on operational functions of the innovation management model by appraising an…

Abstract

Purpose

The purpose of this study is to investigate the influence of design for lean six sigma (DFLSS) on operational functions of the innovation management model by appraising an innovation management assessment framework.

Design/methodology/approach

An empirical approach for evaluating causal relationships among various constructs in the model phases that identify optimum pathways in achieving commercial success was adopted. A quantitative analysis of survey data were collected from large, medium and small organiations, including incubators in ANZ (Australia, New Zealand) and TMSV (Thailand, Malaysia, Sri Lanka and Vietnam).

Findings

The structural equation modelling recursive path analysis results of the model provide empirical evidence and pathways through the various constructs considered in the model. All these pathways lead to delivering optimum commercialization success (CS). Furthermore, DFLSS is confirmed as an enabler and has direct one-to-one and indirect influence on all the operational function constructs of the model including commercial success.

Research limitations/implications

This study had a relatively small sample size of completed responses obtained from the population and a constrained ability to compare commercialization success (CS) between the two regions in the dataset. Future studies could be conducted on a global scale to increase responses.

Practical implications

The research findings enabled the development of important and practical guidelines for managers and innovation practitioners engaged in planning and management of innovation.

Originality/value

This research offers a holistic approach for integrating DFLSS with stage gate phases of innovation management assessment framework, supported by empirical evidence, to aid organizations in effectively managing the innovation process and achieving greater success in commercialization.

Details

Benchmarking: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-5771

Keywords

Article
Publication date: 24 July 2024

Muhammad Mahmudul Karim, Abu Hanifa Md. Noman, M. Kabir Hassan, Asif Khan and Najmul Haque Kawsar

This paper aims to investigate the immediate effect of the outbreak of the COVID-19 pandemic by investigating volatility transmission and dynamic correlation between stock…

Abstract

Purpose

This paper aims to investigate the immediate effect of the outbreak of the COVID-19 pandemic by investigating volatility transmission and dynamic correlation between stock (conventional and Islamic) markets, bitcoin and major commodities such as gold, oil and silver at different investment horizons before and after 161 trading days of the outbreak of the COVID-19 pandemic.

Design/methodology/approach

The MGARCH-DCC and maximum overlap discrete wavelet transform -based cross-correlation were used in the estimation of the volatility spillover and continuous wavelet transform in the estimation of the time-varying volatility and correlation between the assets at different investment horizons.

Findings

The authors observed a sudden correlation breakdown following the COVID-19 shock. Oil (Bitcoin) was a major volatility transmitter before (during) COVID-19. Digital gold (Bitcoin), gold and silver became highly correlated during COVID-19. The highest co-movement between the assets was observed at medium and long-term investment horizons.

Practical implications

The study findings have a financial implication for day traders, investors and policymakers in the understanding of volatility transmission and intercorrelation in a bid to actively manage stylized and well-diversified asset portfolios.

Originality/value

This study is unique for its employment in estimating the time-varying conditional volatility of the investable assets and cross-correlations between them at different investment horizons, particularly before and after COVID-19 outbreak.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 17 no. 4
Type: Research Article
ISSN: 1753-8394

Keywords

Article
Publication date: 1 July 2024

Furkan Polat and Sevilay Demirkesen

The main purpose of this study is to reveal the degree of association between lean, building information modeling (BIM) and construction project success. The study further intends…

Abstract

Purpose

The main purpose of this study is to reveal the degree of association between lean, building information modeling (BIM) and construction project success. The study further intends to provide strategies for high and low associations of the factors.

Design/methodology/approach

Lean construction and BIM are two important applications that have recently gained popularity in terms of enhancing project success. Considering this impact, this study investigates the synergy between lean construction and BIM and determines to what extent these two contribute to the success of the projects. As a first step, lean, BIM and project success were examined based on an in-depth literature review. In the second stage, a structural equation model (SEM) was established to reflect the relationship among these three through hypotheses. Then, a questionnaire was designed and administered to the construction professionals experienced in both lean and BIM implementation. The SEM was tested using Analysis of Moment Structures (AMOS), an SPSS tool.

Findings

The results indicated that lean implementation has a significant and positive impact on BIM implementation and project success. On the other hand, BIM implementation had a lower significant impact on project success than lean implementation construct.

Research limitations/implications

The results of this study can be used by both policymakers and industry practitioners in terms of developing strategies for effectively using both lean and BIM. The researchers can further develop other implementation models to investigate whether these concepts are more effective in increasing project success when used integratively.

Originality/value

This study considers both the impact of lean and BIM on project success through input from construction practitioners working on large projects. This way, the study fosters the use of lean, BIM or lean–BIM together in construction projects to enhance project success.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 9 February 2024

Chao Xia, Bo Zeng and Yingjie Yang

Traditional multivariable grey prediction models define the background-value coefficients of the dependent and independent variables uniformly, ignoring the differences between…

Abstract

Purpose

Traditional multivariable grey prediction models define the background-value coefficients of the dependent and independent variables uniformly, ignoring the differences between their physical properties, which in turn affects the stability and reliability of the model performance.

Design/methodology/approach

A novel multivariable grey prediction model is constructed with different background-value coefficients of the dependent and independent variables, and a one-to-one correspondence between the variables and the background-value coefficients to improve the smoothing effect of the background-value coefficients on the sequences. Furthermore, the fractional order accumulating operator is introduced to the new model weaken the randomness of the raw sequence. The particle swarm optimization (PSO) algorithm is used to optimize the background-value coefficients and the order of the model to improve model performance.

Findings

The new model structure has good variability and compatibility, which can achieve compatibility with current mainstream grey prediction models. The performance of the new model is compared and analyzed with three typical cases, and the results show that the new model outperforms the other two similar grey prediction models.

Originality/value

This study has positive implications for enriching the method system of multivariable grey prediction model.

Details

Grey Systems: Theory and Application, vol. 14 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

1 – 10 of 116