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Development of an economic replacement time model for mining
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
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Development of an economic replacement time model for mining
2022.3.30 In mining operation equipment replacement represents a strategic decision problem. This paper presents an economic replacement time model for
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Model for economic replacement time of mining production rigs
2015.5.11 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
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Full article: Case Study: Model for Economic Lifetime of Drilling ...
2014.9.30 The purpose of this article is to develop a practical economic replacement decision model to identify the economic lifetime of a mining drilling
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(PDF) Model for economic replacement time of mining
2015.5.1 Findings It found the absolute economic replacement time (ERT) of the ventilation system is 108 months but for a range of 100 to 120 months, the total cost remains almost constant.
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Economic replacement time of the drilling rig - ResearchGate
Download scientific diagram Economic replacement time of the drilling rig from publication: Model for economic replacement time of mining production rigs including
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Case Study: Model for Economic Lifetime of Drilling
2014.10.2 The purpose of this article is to develop a practical economic replacement decision model to identify the economic lifetime of a mining drilling machine. A data-driven optimization model...
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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
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Mining Equipment Market Trends 2023-2032 Global
Premium Report Details. The global mining equipment market size was worth over USD 75 billion in 2022 and is anticipated to register around 5% CAGR during 2023 to 2032, propelled by the swift integration of
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Asset Replacement Decisions in the Context of the Mining Sector
2020.8.18 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
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Development of an economic replacement time model for mining equipment
2022.3.30 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 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
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Development of an economic replacement time model for mining equipment
2022.3.30 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 an ...
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Development of an economic replacement time model for mining equipment
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 equipment
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Journal of Quality in Maintenance Engineering - ResearchGate
the 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 replacement ...
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Model for economic replacement time of mining production
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
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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’s ...
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Economics of diesel fleet replacement by electric mining equipment
Economics of diesel fleet replacement by electric mining equipment. Julian Varaschin, E. D. Souza. Published 2015. Economics, Environmental Science, Engineering. 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 ...
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Replacement time of mining drilling rigs - Academia
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 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 practice.
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(PDF) Equipment replacement decision in mine based on
2016.6.10 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 and ...
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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 with
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Economics of diesel fleet replacement by electric mining equipment
Economics of diesel fleet replacement by electric mining equipment. 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 of underground workers to diesel emissions.
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Economic lifetime of a drilling machine - ResearchGate
The 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 lifetime of
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replacement economic cost of mining equipment
Development of an economic replacement time model for . 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 summing up all the potential costs associated with the equipment over its lifetime (ie the
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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.
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Equipment Maintenance and Replacement Decision Making
“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.
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Recent Research Agendas in Mining Equipment Management: A
2022.11.16 Mining sector is an economic foundation and the main source of national wealth for many countries. Modern mining operations are ever more reliant on efficient usage of costly large-scale mining equipment (e.g., trucks, shovels/excavators/loaders, conveyors and crushers). Thus, mining equipment
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Economic replacement time of the drilling rig - ResearchGate
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 an ...
Charlar en Línea![](/pic/yt/52.jpg)
Development of an economic replacement time model for mining equipment
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 equipment
Charlar en Línea![](/pic/yt/116.jpg)
(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 machines ...
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