Acronym for Total Effective Equipment Productivity. The TEEP characteristic value (Eq. 2) gives information on the production capacity decline and is the result of the OEE (Overall Equipment Effectiveness) characteristic value multiplied by efficiency (Eq. 1):
VDMA 66412-1: 2009-10 Manufacturing Execution Systems (MES) Kennzahlen, Beuth Verlag, Berlin.