Formula Risk Scoring
Sample use case: Measure how heavily each vehicle is being used relative to how long it's been in service. This way, you can spot an overworked vehicle that will need replacement sooner.
Vehicle: 2023 Ford Transit Van
In service date: 200 days ago
Total Miles Driven: 25,000
Expected Daily Miles: 100
Formula: utilization Ratio = (25,000 / (200x100) ) x 100 = 125%
"By calculating the Utilization Ratio, the fleet manager noticed one van was running 125% of expected load - it had double the brake replacements compared to others. They rotated routes, balanced usage, and reduced unplanned maintenance by 18%."
OR
HVAC Unit: Rooftop RTU-3
In Service: 120 days ago
Compressor Run Hours: 1800
Formula: Utilization Ratio = (1,800/ (120 x 24) ) x100 = 62.5%
(24 hours/day represents full availability)
"When Eptura Asset showed RTU-3's utilization at 90%, facilities discovered it was cooling a high-load server closet on an outdated schedule. They split the load with a secondary unit and reduced runtime by 35% - saving energy and extending compressor life."
UI/UX
If-Then Action Color Logic, Highlight this asset in the asset table and add a widget to instantly spot stressed assets.
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Ro Kharawala
commented
More calcs MTBF to predict next failure date or recency-weighted next failure to identify if there has been an increase in failure frequency.