Maintenance Cost as % RAV
Maintenance
Maintenance Cost as % RAV
Maintenance Cost as Percent of Replacement Asset Value
Annual maintenance cost divided by replacement asset value, used as a high-level asset-management benchmark.
Examples
- 01The plant's maintenance cost as % RAV is 3.8 %, compared with a benchmark of 2 to 3 % for similar plants.
- 02Management reviews maintenance cost as % RAV yearly to see whether higher spending improves reliability.
- 03Maintenance cost as % RAV is used with other figures, because a low value can also mean assets are being neglected.