Analysis on Operational Life Extension of Haulage Trucks

B Ajmal; G. Chattopadhyay; I. Gunawan

Analysis on Operational Life Extension of Haulage Trucks

B Ajmal
, G. Chattopadhyay
, I. Gunawan

College of Business, Government and Law

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Life extension decision for capital intensive long life assets is a complex problem. Post pandemic economic and supply chain challenges across globe due to rising competition along with inflation have been causing pressure on industries for considering deferred capital investments based on analysis of replacement vs life extension options. This study covered evaluation of Strategic Maintenance (SM) requirements for extension of service life analysing Reliability, Availability, Maintainability (RAM) of assets and operational, maintenance, life extension and replacement costs. Principles of terotechnology and engineering economy are applied in option analysis considering financial and nonfinancial benefits and costs. This paper presents findings from studies for operational life extension options and applied to haulage trucks in a gold mining industry in Australia

Original language	English
Title of host publication	Proceedings of the 4th International Conference on Maintenance and Intelligent Asset Management (ICMIAM)
Number of pages	6
Publication status	Published - Dec 2023
Event	4th International Conference on Maintenance and Intelligent Asset Management - Federation University Australia, Ballarat, Australia Duration: 6 Dec 2023 → 8 Dec 2023 Conference number: 4 https://icmiam.com/2023/

Conference

Conference	4th International Conference on Maintenance and Intelligent Asset Management
Abbreviated title	ICMIAM2023
Country/Territory	Australia
City	Ballarat
Period	6/12/23 → 8/12/23
Internet address	https://icmiam.com/2023/

Keywords

Life Extension
Life Cycle Cost
Benefit Cost Analysis
Equivalent Annual Cost
Internal Rate of Return

Cite this

@inproceedings{18f48278a7d9447a9749585defe7b558,

title = "Analysis on Operational Life Extension of Haulage Trucks",

abstract = "Life extension decision for capital intensive long life assets is a complex problem. Post pandemic economic and supply chain challenges across globe due to rising competition along with inflation have been causing pressure on industries for considering deferred capital investments based on analysis of replacement vs life extension options. This study covered evaluation of Strategic Maintenance (SM) requirements for extension of service life analysing Reliability, Availability, Maintainability (RAM) of assets and operational, maintenance, life extension and replacement costs. Principles of terotechnology and engineering economy are applied in option analysis considering financial and nonfinancial benefits and costs. This paper presents findings from studies for operational life extension options and applied to haulage trucks in a gold mining industry in Australia",

keywords = "Life Extension, Life Cycle Cost, Benefit Cost Analysis, Equivalent Annual Cost, Internal Rate of Return",

author = "B Ajmal and G. Chattopadhyay and I. Gunawan",

year = "2023",

month = dec,

language = "English",

booktitle = "Proceedings of the 4th International Conference on Maintenance and Intelligent Asset Management (ICMIAM)",

note = "4th International Conference on Maintenance and Intelligent Asset Management, ICMIAM2023 ; Conference date: 06-12-2023 Through 08-12-2023",

url = "https://icmiam.com/2023/",

}

TY - GEN

T1 - Analysis on Operational Life Extension of Haulage Trucks

AU - Ajmal, B

AU - Chattopadhyay, G.

AU - Gunawan, I.

N1 - Conference code: 4

PY - 2023/12

Y1 - 2023/12

N2 - Life extension decision for capital intensive long life assets is a complex problem. Post pandemic economic and supply chain challenges across globe due to rising competition along with inflation have been causing pressure on industries for considering deferred capital investments based on analysis of replacement vs life extension options. This study covered evaluation of Strategic Maintenance (SM) requirements for extension of service life analysing Reliability, Availability, Maintainability (RAM) of assets and operational, maintenance, life extension and replacement costs. Principles of terotechnology and engineering economy are applied in option analysis considering financial and nonfinancial benefits and costs. This paper presents findings from studies for operational life extension options and applied to haulage trucks in a gold mining industry in Australia

AB - Life extension decision for capital intensive long life assets is a complex problem. Post pandemic economic and supply chain challenges across globe due to rising competition along with inflation have been causing pressure on industries for considering deferred capital investments based on analysis of replacement vs life extension options. This study covered evaluation of Strategic Maintenance (SM) requirements for extension of service life analysing Reliability, Availability, Maintainability (RAM) of assets and operational, maintenance, life extension and replacement costs. Principles of terotechnology and engineering economy are applied in option analysis considering financial and nonfinancial benefits and costs. This paper presents findings from studies for operational life extension options and applied to haulage trucks in a gold mining industry in Australia

KW - Life Extension

KW - Life Cycle Cost

KW - Benefit Cost Analysis

KW - Equivalent Annual Cost

KW - Internal Rate of Return

UR - https://icmiam.com/2023/

M3 - Conference contribution

BT - Proceedings of the 4th International Conference on Maintenance and Intelligent Asset Management (ICMIAM)

T2 - 4th International Conference on Maintenance and Intelligent Asset Management

Y2 - 6 December 2023 through 8 December 2023

ER -

Analysis on Operational Life Extension of Haulage Trucks

Abstract

Conference

Keywords

Other files and links

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Cite this