Hello everyone,
Hopefully all are doing well. Has anyone done the calculation/analysis of the impact from a production buffer between two assets within a RBD? I am trying to calculate the increase on Availability and expressing MTBF as a function of the Availability; since having the stockpile (buffer)mitigates the risk of not having the available raw material for the process downstream. In summary, we increase the reliability of that system. My question is, if this buffer would behave as a "redundant asset" virtually? I am assuming this because while the first asset is down (asset before the buffer), then the buffer will replace the lack of material; until the first asset will run again (ideally), even though the asset is in series with the buffer...
Your feedback would be appreciated .
Best Regards
Rene M. Davila