To ensure the cost-efficiency of equipment management, practitioners are required to accurately quantify the equipment life-cycle cost, instead of merely depending on the empirical method. This study proposes a data-driven, simulation-based analytics to quantify the life-cycle cost of heavy equipment, incorporating both maintenance and ...
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Possibilities to minimize the entire life cycle cost through the optimal dimensioning of belt conveyor components were reported in the literature for single drive conveyor belts (Roberts, 1981; Wheeler and Alspaugh, 2008). ... Risk assessment model of mining equipment failure based on fuzzy logic. Expert Syst. Appl. (2014) M. Schlüter et al.
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Life cycle cost analysis (LCCA) is an approach used to assess the total cost of owning a facility or running a project. ... which consists of a number of costs, including utility, manpower, insurance, equipment, health, and routine and …
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The asset's economic life is the time at which the total cost is minimized. 4. DETERMINING ECONOMIC CONSTRUCTION EQUIPMENT LIFE OF 4.1 Selecting Equipment 3. LCC AND DETERMINING ECONOMIC LIFE 3.1 Life Cycle Cost Model Life-cycle costing (LCC) analysis considers all costs associated with equipment's life cycle.
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An effective life cycle costing (LCC) tool must be able to process the many variable factors involved. Many factors influence the costs that are associated with a machine over its life. The …
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2 Coal Mine Safety Mining Equipment Innovation Center of Anhui ... the optimal mining method. The life cycle evaluation process is similar to different coal pillar mining methods, and this study used the mining method with a 20 m coal pillar left in place as an example of a life cycle evaluation of its production process. ... D., Fugiel, A ...
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In mining operation equipment replacement represents a strategic decision problem. This paper presents an economic replacement time model for mining drill rigs. A total ownership cost...
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In order to develop a reliable and effective equipment life cycle model, the stages of equipment life have to be defined. Equipment life can be defined using three different variables namely physical life, economic life and profit life (Mitchell, 1998).Both the physical and economic life must be calculated when considering equipment life because they provide an effective …
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Various important aspects of mining equipment costing are covered in the chapter. Some of the topics covered include reasons for mining equipment costing, methods for making mining …
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In mining operation equipment replacement represents a strategic decision problem. This paper presents an economic replacement time model for mining drill rigs. A total ownership cost minimization … Expand
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Introduction. In underground mining, making the best use of mobile equipment is key to keeping operations efficient and productive. A Time Usage Model (TUM) is a valuable tool that helps mining companies understand how their equipment is being used, spot any slowdowns, and find ways to improve. This article looks at how TUM works for mobile equipment in …
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A cost analysis model for heavy equipment Shibiao Chena,*, L. Ken Keysb a Global Mining Center, Cleveland, OH 44147, United States bIndustrial Engineering Department, Cleveland State University, ... ences are the issues of the typical life-cycle cost model. First, different concerns will be presented regarding costs. ...
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Mining industries extract valuable minerals from the earth and provide the raw materials needed to produce various products used in daily life or for emerging technologies, playing a critical role in mitigating the impacts of climate change (IEA, 2021).In recent decades, given the mining industry's implications for global warming, progress in environmental …
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In recent years, electric power companies have intensified life-cycle cost (LCC) research to improve asset management and operational efficiency and respond to governmental supervision of grid transmission costs [1], [2].In the power industry, LCC analysis can be applied to the procurement, modernization, and overhaul of power plant equipment, the establishment …
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equipment during life cycle cost analysis, from N538, 000 to N3, 786,000 between 2010 and 2017 respectively; which has consequently increased total ownership cost
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Mining companies need to integrate environmental and social impact assessments into mining projects. These assessments are the process of determining, analysing and evaluating the potential environmental and social impacts of a mining project, and designing appropriate implementation and management plans for the mining life cycle. Orebody models
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1 Begin with the make and model of the equipment and the selling price. 2 Subtract the trade-in amount or the fair market value ... 7 Life Cycle Cost (Item #3 + Item #4, + Item #5 - Item #6) Total: = $ _____ $ LIFE CYCLE COSTING 3. BASICS OF LIFE CYCLE COSTING ...
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Maintenance‐related costs contribute significantly to equipment life‐cycle costs. In practice, maintenance works are not perfect in the sense that they cannot restore the equipment to a "good‐as‐new" condition. ... Utilizing the concept of improvement factors to model the imperfect characteristics of most maintenance works, proposes ...
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costs will be significantly lower." — Les Tabbert, Maintenance Shop Lead, Westmoreland Coal Co., Alberta, Canada 793B Stabilizer Link Assembly EXPANDER SYSTEM I EXTENDING THE LIFE-CYCLE OF MINING EQUIPMENT REPAIRING PIVOT LUGS AGAIN AND AGAIN: IS THIS STILL 'ALL IN THE LINE OF DUTY'?
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The global mining and metals industry accounts for approximately 8% of global carbon emissions (Cox et al., 2022).The electricity consumption in the Chilean copper mining sector is estimated to increase by 39.5% between 2022 and 2033 (from 23.5 TWh to 32.8 TWh, respectively) due to a 23% increase in copper production during the same period (Cochilco, …
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This maintenance model for mining mobile equipment has been developed to accomplish this goal. The model includes and lays out ten distinct maintenance ... (achieving expected life cycle and operational cost) is critical in meeting maintenance and production cost (cost/ton) of the equipment. While relatively small and frequent repairs primarily
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A Cradle-to-Gate Life Cycle Analysis of Bitcoin Mining Equipment Using Sphera LCA and ecoinvent Databases Ludmila Courtillat--Piazzaa,b,∗, Thibault Pirson b, Louis Golardb, David Bol aENS Rennes, Universite de Rennes, France,´ bICTEAM, Universite catholique de Louvain, Belgium´ ∗Corresponding author at: Bˆatiment Maxwell a.193, Place du Levant, 3 (L5.03.02) …
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Detailed Financial Model: Cash Flow ... Plan (EMP): Providing a comprehensive plan for mitigating and managing environmental impacts throughout the project's life cycle. Regulatory Compliance ... Costs for items like lubricants, filters, and replacement parts for mining equipment. Energy Costs: Electricity and Fuel: Expenses for powering ...
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Over time, mining equipment has become more complex and the associated life cycle cost has become a greater portion of the total cost of mining operations. This article looks deeper into the various components of the life …
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This paper presents how a Life cycle cost or Total cost of ownership analysis has been performed on machining equipment in a Swedish company. Life cycle cost models used in case studies are compared to an empirical model, used at the company, where dynamic energy, fluid, and maintenance cost are included.
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System (ESS) in a short time. The battery life cycle in mining ... the operation cost of mining equipment is to increase their ... the generator model, the induction motor's input electric ...
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The tools that are usually employed to study the environmental impacts of different systems include life cycle assessment, life cycle costing, net present value, and benefit-cost analysis (Ahlroth et al., 2011, Erkayaoğlu and Demirel, 2016, McLellan et al., 2009). These tools can be used to determine the feasibility of the environmental ...
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The power transformer is the main piece of equipment on the primary side of a power system, undertaking the task of power conversion. Life cycle cost management was introduced into China in the 1980s, and gradually began to be applied in Chinese power grid enterprises in the early 2000s [].The theory incorporates all costs incurred during the product's …
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We are experts in LCC cost modelling. Our team has been accountable for $800M+ PA budgets using the LCC and ZBB process to align group wide cost and performance across multiple operations. RMM has proprietary cost models for a large number of mining fleet models. This saves you time and money while increasing the accuracy of your budgeting process.
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Factors including an unexpected design, geology, weather and third party, the subcontractor and material, etc., usually affect an engineer's evaluation of the cost and schedule control of a ...
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Though it has been stressed that life cycle costing should include all direct and indirect life cycle costs of products, regardless the bearer of the cost, (Farr, 2011; Swarr et al., 2011) reviews of life cycle sustainability studies including life cycle costing found that most studies considered only the producer perspective (Fauzi et al ...
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Life cycle cost is the overall costs that arise during the ownership of equipment, starting from purchasing, operating, maintaining, and including equipment's disposal.
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The study indicated that the life cycle costs of UGCC-1 and UGCC-2 plants are 48.91$/MWh and 61.80$/MWh, respectively, which are 37.53% and 21.06% lower than that of IGCC plants. In terms of the life cycle cost, the UGCC plant is more cost-competitive. With CCS, the external cost of the UGCC decreases, and the internal cost increases.
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Large mining operations need equipment that consistently performs as expected. The most effective way of ensuring this is to have a defined life cycle with an optimised maintenance strategy. The determination of this life cycle is an economic decision, influenced by the construction and utilisation of the equipment. An effective life cycle costing (LCC) tool must be …
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mining equipment is usually the retail price or acquisition cost differential of that component between different manufacturers. The components from different manufacturers will have …
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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 …
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3.8 Mining Equipment Reliability Fundamentals 48 3.8.1. Mining Equipment Reliability Measures 48 3.8.2. The Seven RCM Expectations for Equipment ... 6.6 Stochastic Model – Monte Carlo Simulation 87 6.6.1. Input Data 87 6.6.2. ... Figure 3.4 Reliability and life cycle costs (traditional view) 47 Figure 3.5 Reliability and life cycle costs ...
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State law requires the Office of Financial Management (OFM) to establish, deploy and maintain the state's life cycle cost model for evaluating ownership and leasing alternatives for state facilities over 20,000 SF and/or facility leases over 10 years. It also requires OFM to establish policies, standards and procedures related to this model. Life cycle cost analysis is a projection of ...
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Life-cycle cost (LCC) are among these models that consider cost during all the infrastructure's service life (ISO 15686–5, 2017). In this context, this research presents a life cycle model for estimating road tunnel cost. According to the literature review, no research holistically approaches LCC in this domain.
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