Overall Equipment Effectiveness (OEE). Approaches for Improvement

The concept of Overall Equipment Effectiveness (OEE) is explored as a critical metric in operations research, defined as the ratio of actual output to theoretical output. It encompasses three components: availability, performance, and quality. Additionally, an alternative interpretation by Vijayakumar and Gajendran introduces principles for maximizing OEE, emphasizing the importance of aligning organizational goals, enhancing efficiency through proper execution, and achieving effectiveness by prioritizing the right actions.