Development of an economic replacement time model for mining
In mining operation equipment replacement represents a strategic decision problem. This paper presents an economic replacement time model for Purpose The purpose of this paper is to present a practical model to determine the economic replacement time (ERT) of production machines. The objective (PDF) Model for economic replacement time of mining production
احصل على السعر
Full article: Case Study: Model for Economic Lifetime of Drilling
The purpose of this article is to develop a practical economic replacement decision model to identify the economic lifetime of a mining drilling machine.The purpose of this paper is to present a practical model to determine the economic replacement time (ERT) of production machines. The objective is to minimise Model for economic replacement time of mining production rigs
احصل على السعر
Case Study: Model for Economic Lifetime of Drilling Machines in
of these costs represents the total cost required to own the mining equipment (Hall 2007). Life cycle cost analysis helps decision makers justify equipment replacement on the The proposed model shows that the absolute economic replacement time of the drill rig investigated in this case study is 81 months and the mining company operating the rig Economic replacement time of the drilling rig ResearchGate
احصل على السعر
Model for economic replacement time of mining production rigs
Purpose The purpose of this paper is to present a practical model to determine the economic replacement time (ERT) of production machines. The objective is to minimise Industry Analysis. Mining Equipment Market size surpassed USD 75 billion in 2022 and is projected to expand at 5% CAGR from 2023 to 2032. Rapid integration of advanced technologies for improving the performance of Mining Equipment Market Trends 2023-2032 Global
احصل على السعر
Case Study: Model for Economic Lifetime of Drilling Machines in
of these costs represents the total cost required to own the mining equipment (Hall 2007). Life cycle cost analysis helps decision makers justify equipment replacement on the basis of the total costs over the equipment’s useful life. It allows the maintenance manager to specify the optimal replacement time at the time of the equipment’sthe equipment replacement time is expected to yield minimal life-cycle cost (LCC)). Obviously, for mining companies, one of the most important decisions is determining the economic replacementJournal of Quality in Maintenance Engineering ResearchGate
احصل على السعر
Asset Replacement Decisions in the Context of the Mining Sector
Al-Abiyad, S.A., Handley-Schachler, M.: Economic, social and political factors in industrial decision making: the case of property, plant and equipment replacement in Libyan manufacturing companies, World Acc. Sci. 12(2), 189–232 (2010) Google Scholar Alchian, A.A.: Economic Replacement Policy. Technical report The proposed model shows that the absolute economic replacement time of the drill rig investigated in this case study is 81 months and the mining company operating the rig can replace it with anDevelopment of an economic replacement time model for mining equipment
احصل على السعر
Economic lifetime of a drilling machine: a case study on mining
2006). These factors are related to the cost of mining equipment and its economic lifetime. 2 Literature survey The economic replacement of productive machines is a fundamental question faced by researchers, economic engineers and management engineers. Researchers concerned withEconomics of diesel fleet replacement by electric mining equipment. Julian Varaschin, E. D. Souza. Published 2015. Economics. Over the past 10 to 15 years escalating energy costs, especially for diesel fuel, have helped erode the bottom lines of mining companies worldwide. At the same time, there is growing pressure to reduce the exposure ofEconomics of diesel fleet replacement by electric mining equipment
احصل على السعر
(PDF) Equipment replacement decision in mine based on
Replacement of mining equipments has significant impacts on revenues and costs of a mining project. In fact, the lifespan of any equipment considerably impacts to its total cost of ownership andThe proposed model shows that the absolute economic replacement time of the drill rig investigated in this case study is 81 months and the mining company operating the rig can replace it with an identical one within an optimal replacement range of 6 months (i.e. from month 79–84) when the minimum total cost can still be achieved in Development of an economic replacement time model for mining equipment
احصل على السعر
Recent Research Agendas in Mining Equipment Management: A
Nowadays, with the advancement of technological innovations and wide implementation of modern mining equipment, research topics on mining equipment management are attracting more and more attention from both academic scholars and industrial practitioners. With this background, this paper comprehensively reviews recent Purpose The purpose of this paper is to present a practical model to determine the economic replacement time (ERT) of production machines. The objective is to minimise the total cost of capital equipment, where total cost includes acquisition, operating, maintenance costs and costs related to the machine’s downtime. The costs related to Model for economic replacement time of mining production
احصل على السعر
replacement economic cost of mining equipment
replacement economic cost of mining equipment Feb 23, 2022 Ottawa's manager says he anticipates the 'Freedom Convoy' protests about $30 million, and said the will be seeking funding Just fill in the form below, click submit, you will get the price list, and we will contact you within one working day.mining companies to perform life cycle cost (LCC) analysis to estimate the economic replacement time (ERT) of their production rigs, even prior to purchasing them (Markeset and Kumar 2018; Galar et al. 2017). The life cycle cost of equipment is determined by sum-ming up all the potential costs associated with the equipmentDevelopment of an economic replacement time model for mining equipment
احصل على السعر
A novel economic benefit calculation modeling applying to coal mining
In the background of the concept of sustainable development, green mining technology is essential (Ikram et al., 2021; Li et al., 2020).As a “ballast” for energy security, coal in China contributes to the long-term steady development of the Chinese economy (Xie et al., 2021).However, with the continuous development and utilization of new energy The proposed model shows that the absolute economic replacement time of the drill rig investigated in this case study is 81 months and the mining company operating the rig can replace it with anEconomic replacement time of the drilling rig ResearchGate
احصل على السعر
Reliability and Life Cycle Cost Modelling of Mining Drilling Rigs
In the context of mining, drilling is the process of making holes in the face and walls of underground mine rooms, to prepare those rooms for the subsequent operation, which is the charging“Applying data mining to manufacturing: the nature and implications” provides a perspective on the possible use of data mining to improve equipment maintenance procedures. Data mining involves the process of going though large amounts of data using preprogrammed logic looking for both high level and low level trends.Equipment Maintenance and Replacement Decision Making
احصل على السعر
(PDF) Model for economic replacement time of mining production
In mining operation equipment replacement represents a strategic decision problem. Engineering Costs and Production Economics, Vol. 11 No. 2, pp. 69-78. Verheyen, P.A. (1979), “Economic interpretation of models for the replacement of machinesThe optimum replacement age of equipment is defined as that time at which the total cost is at its minimum value (Jardine and Tsang, 2006). In this case study the economic life time of(PDF) Economic lifetime of a drilling machine: A case study on mining
احصل على السعر
Development of an economic replacement time model for mining equipment
In mining operation equipment replacement represents a strategic decision problem. This paper presents an economic replace-ment time model for mining drill rigs. A total ownership cost minimization model was developed to optimize the lifetime of a drill rig used in Tara underground mine in Ireland. The developed methodology allows an innovativethe mining company operating the rig can replace it with an identical one within an optimal replacement range of 6 months (i.e. from month 79–84) when the minimum total cost can still beDevelopment of an economic replacement time model for mining equipment
احصل على السعر