Performance measurement in flow lines â Key to performance improvement
Key Performance Indicators (KPIs) are frequently used for measuring a production systemsâ performance. The selection of KPIs should lead to a set being as small as possible but taking into account all relevant aspects of the system. This paper provides an analytical approach to determine the set of relevant KPIs for specific production lines, allowing for a transparent and complete performance measurement. An LP was formulated for the proposed KPI model and a significant reduction of the number of KPIs used could be realized. The analytical model was tested in a real industrial application.