Lost production cost APM calculates the lost production cost by adding the downtime costs, miscellaneous costs, and reduced throughput costs. See Also Cost equation If downtime or lost production costs are calculated for the asset, the default cost equation is selected, if applicable. This is the calculation rule used to determine the costs of a downtime incident or reduced throughput. See Also Downtime Period of time that the asset will not function in the event of a failure. See Also Downtime costs APM calculates the downtime cost using the downtime amount and the cost equation. See Also Reduced throughput When the failure mode results in reduced production instead of downtime, record the amount of time that reduced throughput is in effect. See Also Reduced throughput cost APM calculates the cost of reduced throughput using the reduced throughput amount, the operating percentage, and the cost equation. See Also Miscellaneous costs Additional costs not included in the downtime or reduced throughput costs. See Also
