Abstract:Maintenance and physical asset managers often have to decide when a major asset needs to be replaced. The main objective of this study was to develop a methodology to determine the optimum replacement age of heavy mobile equipment that is close to the end of its life. The study was conducted on an old electric rope shovel used at a surface coal mining operation. The failure impact and failure probability estimates of components were obtained from subject matter experts through Delphi analyses. A stochastic-and… Show more
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