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CMRP PRACTICE QUESTIONS WITH CORRECT ANSWERS Replacement Asset Value (RAV) - ....ANSWER ...-defined as the cost that would be incurred, in today's dollars, to replace the facility and equipment in its current configuration. Overall Equipment Effectiveness (OEE) definition - ....ANSWER ...-metric for measuring how well a process is operating by evaluating the three major process components: availability, performance efficiency (rate/speed) and quality. The process can be a single piece of equipment, a manufacturing cell, a production line or a plant Overall Equipment Effectiveness (OEE) equation - ....ANSWER ...- Availability × Performance Efficiency × Quality Availability - ....ANSWER ...-defined as the percentage of time that the process is actually operating (uptime) compared to when it is scheduled to operate Performance efficiency (rate/speed) - ....ANSWER ...-defined as the percentage of Actual Run Rate/Cycle Time to the Best Run Rate/Cycle Time ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1