Course Introduction

Mobile Equipment Life Cycle Costing

Version: 11 December 2009

Michael Currie

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Introduction

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. It is structured to support a vigorous discounted cash flow analysis that embraces realistic estimates for the key operating and maintenance variables associated with running haul trucks, and discusses options for improving overall truck performance and productivity.

The objective is to provide an analytic framework that enables readers to impartially assess haul truck investments by using reliable financial modeling and sensitivity analysis. The life cycle model should be functional as a baseline for formal equipment planning and management and for measuring the performance of the haul truck fleet during its useful life.

People who will benefit from this course include purchasing, maintenance, engineering and production managers from mining companies that operate fleets of large haul trucks.

This course replaces the December, 2007 course Haul Truck Life Cycle Management.

Course Content

This course is presented as 16 viewing sessions, averaging approximately 30 minutes viewing duration each, plus four interactive reviews that confirm the viewer's achievement of learning objectives. The total duration of the course is approximately seven hours.

Learning Outcomes

Participants who successfully complete this course and the certification requirements will be able to perform the following:

• Understand the principles and application of life cycle costing.

• Discuss the concepts of economic risk, operating risk and supplier risk and how to incorporate these into the costing model.

• Discuss the application of life cycle costing to the budgeting, resource forecasting, and maintenance evaluation processes.

Course Requirements

Basic requirements for successful completion of this course include the following:

• Experience of mining operations in a management context.

• A technical degree or diploma.

Course Certification

This course qualifies for EduMine Certification. A certificate will be issued to an EduMine enrollee who registers for certification and successfully completes the certification requirements. The total certification fee for this course is Can$117.

0.7 CEUs (Continuing Education Units) will be awarded for successful completion of certification requirements for this course. EduMine meets the Criteria for Certification established by the Authorized Provider Commission of The International Association for Continuing Education and Training, 1620 Eye Street, N.W., Suite 615, Washington, DC 20006.

To register for certification for this course use the "Register for Certification" link above or below on the right.

UBC Certificate in Mining Studies

This course qualifies as online learning for the University of British Columbia - Certificate in Mining Studies in the Mining Methods and Mine Planning stream. Students who complete the certification requirements for this course may optionally register for the Certificate in Mining Studies program and complete the associated classroom component. For further information click UBC Certificate in Mining Studies.

[Note: Participation in the UBC Certificate in Mining Studies program is optional. For EduMine certification proceed as described under Course Certification above.]

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