mining equipment life cycle costing ppt

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 equipment investment decisions, cost estimation models for mining equipment, life cycle costing concept, and life cycle cost estimation models for mining equipment.

The main purpose of life cycle costing is to estimate the costs of a product that will emerge in the. entire period of its life-cycle (the m ain reason is shortening of products´ life-cycles and ...

Jul 21, 2015· Life cycle costing 1. LIFE CYCLE COSTING Prepared by Jessy Chong URL: chongsk818.blogspot.com 2. PRODUCT LIFE CYCLE Often, this is termed as "cradle to grave costing" or "womb to tomb costing". Typically or better phrase is "theoretically" a product is like human, having a life cycle – the same life cycle…"born, growing, matured and dying" and Life Cycle Costing means …

In LCC analysis of an equipment, life cycle means the life of the product that is installed in the plant, i.e. productive life time of the product. The product supplier provides the life cycle depending on design calculation and experience. Based on supplier's data, customer decides the Life Cycle, i.e. how long he/ she wants to use the machine.

This process is called equipment (asset) lifecycle management. Each piece of equipment is bound to go through a few stages within its lifespan, which varies from asset to asset. In need of the Equipment Life Cycle PPT template, which is more accessible and a smart way of explaining the ideas to the audience? You are at the right place.

equipment costing, and equipment replacement. These works are not within the scope of this study and will not be discussed here. 2 Literature Survey 2.1 Mining Method Selection The Mining Method Selection (MMS) problem is an approach to Equipment Selection that stems from the logic that the environmental conditions

Value Analysis, Functional Analysis, Value Engineering and Target Costing (P2) by Norwood Whittle In a previous article I explained the relationship between Kaizen costing, target costing, total life-cycle costing and standard costing. The aim of this article is to link target costing to value analysis, value engineering and functional analysis.

1. AMT; DYNAMIC LIFE CYCLE COSTING AMT maintains a dynamic life cycle cost model for each item of equipment. It unlocks the benefits of having this information live and available using inputs from your existing ERP. It puts a structure around work order costs and allows you to drill down and understand the major cost drivers and their impact on ...

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LCC: Life Cycle Costing RCA: Resource Consumption Accounting ABC: Activity Based Costing OEE: Overall Equipment Effectiveness TEEP: Total Equipment Effectiveness Performance RM: Reactive Maintenance PM: Preventive Maintenance CBM: Condition Based Maintenance RCM: Reliability Based Maintenance TPM: Total Productive Maintenance

10. Life cycle costing (cont'd) Life Cycle Costing is based on the concept of product life cycle. It argues that the full cost of a product is the sum of costs at all stages (from development till decline) & not merely the Variable Production Cost & Fixed Production Cost at current production situation.

The purpose of this paper is to demonstrate how the standard economic life model for equipment replacement can be slightly modified to determine the economic life of earth moving equipment, taking into account the declining utilization of

data and data groups for life cycle costing. In Section 2.4 the main data sources are discussed. Section 2.5 refers to clients' limited request for life cycle costing so far. The research method is described in section 3. Results, implementation and exploitation are discussed in section 4. In section 5, the conclusions are presented. 2.

core issues related to life cycle costing are as given at figure 2 Woodward, D. (1997) [7]. Basic elements of life cycle costing are as given below:- Figure 2 - Core issues related to Life Cycle Costing Concept/definition Costs accrue in connection with the concept during …

At the core of RPMGlobal's AMT solution is a Dynamic Life Cycle Costing (DLCC) engine and inbuilt intelligence engine. The DLCC takes inputs in real-time from various asset management processes and systems such as on-board monitoring systems, fleet management systems, the mine plan and SAP itself. The calculation engine then automatically ...

Dec 09, 2014· 3. Definition Life cycle costing is defined as the total cost throughout its life including planning, design, acquisition & support costs & any other costs directly attributable to owning / using the asset. Category of LCC Capital assets : •Initial costs •Operating costs …

Nov 06, 2019· Mobile Equipment Life Cycle Costing is a practical guide for managing the economic life of a mining truck fleet. It covers key financial, commercial and physical aspects of truck management and explains specific methods for acquiring and operating these vehicles to full advantage. The course includes three sections—Introduction, Life Cycle Cost Analysis, and Optimization.

Apr 19, 2021· To estimate life cycle costs: Begin with the initial purchase price (less trade-in value for old equipment). Add scheduled maintenance costs. Find information in the Operation and Maintenance Manual. Add expected repair costs. Information comes in the form of a quote for warranty or extended warranty. Add fuel costs.

Title: Major equipment life cycle cost analysis Created Date: 8/10/2018 8:32:42 PM

maintenance, reliability, life cycle costing, change management, human factors. ACKNOWLEDGEMENT As a final part of our Master's program, this work was performed during the spring semester of ... EEM Early Equipment Management EWO Emergency ... LCC Life Cycle Cost LCP Life Cycle Profit LTA Logic tree analysis MDA Maintenance department analysis ...

Life Cycle Analysis (LCA) is a comprehensive form of analysis that utilizes the principles of Life Cycle Assessment, Life Cycle Cost Analysis, and various other methods to evaluate the environmental, economic, and social attributes of energy systems ranging from the extraction of raw materials from the ground to the use of the energy carrier to perform work (commonly referred to as the "life ...

Jul 28, 2019· Why you need to calculate the life cycle cost of equipment. If you only had limited plant and equipment, life cycle cost wouldn't be quite so critical. However, as modern businesses have so much operational plant and so many pieces of equipment, it's imperative to manage all your assets correctly in terms of productivity and safety.

Equipment life-cycle cost analysis (LCCA) is typically used as one component of the equipment fleet management process and allows the fleet manager to make equipment repair, replacement, and retention decisions on the basis of a given piece of equipment's economic life. The objective of this research is to develop a robust method that

Managing mining assets effectively is critical for long-term success. AMT for Contractors is the only in-shift maintenance solution that dynamically links to life-cycle costing and strategy to provide an accurate life-cycle position using Dynamic Life Cycle Calculator. YouTube. RPMGlobal.

Feb 18, 2005· Within commercial fleets, the long-term trend in vehicle life cycling has been a gradual increase in the service life of vehicles since 2007. However, more recent industry data has shown significant lengthening of cycles. Improved quality and vehicle dependability have reduced the risk of extending the replacement cycle.

In large process industries, such as mining, mineral processing, oil and gas, petrochemicals and chemicals, the financial implications of delayed ramp-up to full production can be enormous. The groundwork for smooth transition from project to operations is laid early in the project. Operational and maintenance readiness activities take various ...

mining and processing equipment, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the ... Life cycle costing programme 2012 2013 2014 CONFIDENT OUTLOOK FOR 2014 • Metres drilled recovered in 2013 after

• Infrastructure and equipment last a long time: –Life cycle costing –Deterioration rates, condition assessment, and need for maintenance and rehabilitation • Transportation takes place over a network: space is critical! – Cost of network vs. cost of operation –Congestion • Output is complex

Building the life cycle Interconnected system of power plant and mine Coal-fired Power Plant 550 MW 39.3% Efficiency 85% Capacity Factor 60 yr Lifetime Galatia Mine Springfield 5/Illinois 6 Bituminous Coal 7 million tons annual production 60 yr life 22% of lifetime production & emissions •38,900 tons CO 2 •9,500 tons CH 4 246 TWh ...

Jun 05, 2019· Today's equipment manager must be competent in human resources, technology, life cycle costing, negotiation, spare parts and installations management, benchmarking and safety and environment, to mention a few. And all those skills contribute to the organization of …