On the efficiency of management strategy of metallurgical equipment repair
Importance Under scarce resources allocated by the budget of the enterprise, it is crucial to develop and implement a good strategy of planning the repairs and maintenance of metallurgical equipment. Objectives The study aims to analyze existing strategies of capital equipment repair management, assess their practical efficiency, and develop a strategy to increase the return on financial investments and eliminate 'bottlenecks' in the operation of core process equipment. Methods The research employed general scientific methods, like monographic, experimental, economic-and-mathematical to analyze various management strategies of capital equipment repair and assess their practical use. Results The paper offers innovative approaches to planning the repairs of metallurgical equipment based on the theory of constraints. We analyzed modern management strategies of units' repairs and maintenance, calculated indicators of efficient management of repairs of metallurgical enterprise's equipment prior to and after strategy introduction. Conclusions As a rule, simplified approaches are applied, which preclude correct and adequate assessment of available restrictions. This generates risks of core equipment shutdown, loss of production, inefficient expenditure, etc. Using a combination of strategies, which priority is the theory of constraints, will lead to apparent increase in operating time of equipment, enable to reasonably plan cost of repairs, and create conditions for enterprise's profit markup.