Statistical approach to determination of overhaul and maintenance cost of loading equipment in surface mining

The purpose of this research was to develop a new approach in determination of overhaul and maintenance cost of loading equipment in surface mining. Two statistical models including univariate exponential regression (UER) and multivariate linear regression (MLR) were used in this study. Loading equipment parameters such as bucket capacity, machine weight, engine power, boom length, digging depth, and dumping height were considered as variables. The results obtained by models and mean absolute error rate indicate that these models can be applied as the useful tool in determination of overhaul and maintenance cost of loading equipment. The results of this study can be used by the decision-makers for the specific surface mining operations.