Impact of Machine-Failure Costs on Equipment Replacement Policies: Tunneling Company Case Study

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dc.contributor.authorAlarcon, Luis F.
dc.contributor.authorRodriguez, Andres
dc.contributor.authorMourgues, Claudio
dc.date.accessioned2024-01-10T13:49:17Z
dc.date.available2024-01-10T13:49:17Z
dc.date.issued2012
dc.description.abstractFor those construction companies engaged in projects where production is controlled by equipment availability, with tunneling as maybe the most extreme example, equipment replacement policies affect not just the cost of a machine but have a decisive effect on overall project cost and achieved profit. Although equipment replacement models described in the literature suggest that the consequential costs of equipment failure are significant and should be considered in replacement decisions, most fail to explicitly include consequential costs or fail to provide methods to calculate the consequential cost in complex systems. This lack of consequential cost in a model seriously diminishes the effectiveness of a company's equipment replacement policies and the company's ability to earn a project. This work describes a case study that used simulation to quantify the consequential costs of equipment availability for a company engaged in tunnel-construction. The study includes the simulation of activities of the drill-and-blast method for five tunnel types. The simulation proved to be very valuable when seeking to evaluate consequential costs. The results indicate that consequential costs are very relevant to the replacement decision of the most expensive equipment. Also, the results show a significant effect of the consequential costs on the company's equipment replacement policies. Therefore, changes in existing policies to consider consequential costs have the potential of providing important future benefits for such companies. DOI: 10.1061/(ASCE)CO.1943-7862.0000480. (C) 2012 American Society of Civil Engineers.
dc.fechaingreso.objetodigital2024-05-09
dc.format.extent8 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1061/(ASCE)CO.1943-7862.0000480
dc.identifier.eissn1943-7862
dc.identifier.issn0733-9364
dc.identifier.urihttps://doi.org/10.1061/(ASCE)CO.1943-7862.0000480
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/79437
dc.identifier.wosidWOS:000304816000011
dc.information.autorucIngeniería;Alarcon L;S/I;100096
dc.information.autorucIngeniería;Mourgues C;S/I;2596
dc.issue.numero6
dc.language.isoen
dc.nota.accesoSin adjunto
dc.pagina.final774
dc.pagina.inicio767
dc.publisherASCE-AMER SOC CIVIL ENGINEERS
dc.revistaJOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT
dc.rightsregistro bibliográfico
dc.subjectEquipment replacement policies
dc.subjectFailure costs
dc.subjectSimulation
dc.subjectSIMULATION
dc.subjectMODEL
dc.subjectSYSTEMS
dc.subject.ods09 Industry, Innovation and Infrastructure
dc.subject.odspa09 Industria, innovación e infraestructura
dc.titleImpact of Machine-Failure Costs on Equipment Replacement Policies: Tunneling Company Case Study
dc.typeartículo
dc.volumen138
sipa.codpersvinculados100096
sipa.codpersvinculados2596
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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