Case Study: Model for Economic Lifetime of Drilling Machines in the Swedish Mining Industry

• The purpose of this paper is to develop a practical economic replacement decision model to identify the economic lifetime of a mining drilling machine. A data driven optimisation model was developed for operating and maintenance costs, purchase price and machine resale value. Equivalent present value of these costs by using discount rate was considered. The proposed model shows that the absolute optimal replacement time (ORT) of a drilling machine used in one underground mine in Sweden is 115 months. Sensitivity and regression analysis show that the maintenance cost has the largest impact on the ORT of this machine. The proposed decision making model is applicable and useful and can be implemented within the mining industry.

Ämnesord

TEKNIK OCH TEKNOLOGIER  -- Samhällsbyggnadsteknik -- Annan samhällsbyggnadsteknik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Civil Engineering -- Other Civil Engineering (hsv//eng)

NATURVETENSKAP  -- Matematik -- Sannolikhetsteori och statistik (hsv//swe)

NATURAL SCIENCES  -- Mathematics -- Probability Theory and Statistics (hsv//eng)

Nyckelord

Operation and Maintenance Engineering

Drift och underhållsteknik

Mathematical Statistics

Matematisk statistik

Publikations- och innehållstyp

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