Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/3088
Appears in Collections:Management, Work and Organisation Conference Papers and Proceedings
Peer Review Status: Refereed
Authors: Oraee, Kazem
Lashgari, Ali
Sayadi, Ahmad Reza
Oraee, Behdeen
Contact Email: sko1@stir.ac.uk
Title: Estimation of Capital and Operation Costs of Backhoe Loaders
Citation: Oraee K, Lashgari A, Sayadi AR & Oraee B (2011) Estimation of Capital and Operation Costs of Backhoe Loaders In: , SME. 2011 SME Annual Meeting & Exhibit and CMA 113th National Western Mining Conference "Shaping a Strong Future Through Mining", Denver, Colorado, USA.
Issue Date: 2011
Conference Name: 2011 SME Annual Meeting & Exhibit and CMA 113th National Western Mining Conference "Shaping a Strong Future Through Mining"
Conference Location: Denver, Colorado, USA
Abstract: Accurate estimation of equipment costs is a key factor in feasibility study and evaluation of design alternatives of mining projects. In this paper, capital and operation costs of backhoe loaders are estimated using multiple linear regression (MLR), based on principle component analysis (PCA). These cost functions are consisted of five independent variables; bucket size, digging depth, dump height, weight and horse power. The MLR is conducted in two steps. At the first correlation between independent variables is omitted using PCA technique. Thereafter, MLR functions are established using selected significant PCs and total cost functions are constituted as functions of initial variables. At the end, accuracy of functions are evaluated using mean absolute error rate method.
Type: Conference Paper
Status: Publisher version
Rights: The publisher has not yet responded to our queries therefore this work cannot be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.; Society for Mining, Metallurgy & Exploration Annual Meeting & Exhibit and CMA 113th National Western Mining Conference "Shaping a Strong Future Through Mining"; Note: in the attached file Kazem Oraee's name has been ommited in error.
URI: http://hdl.handle.net/1893/3088
URL: http://www.smenet.org/public/Core/Events/eventdetails.aspx?iKey=AME2011&TemplateType=A
Affiliation: Management Work and Organisation
Tarbiat Modares University
Tarbiat Modares University
Imperial College London

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