Search for a comprehensive performance measurement for mining equipment – a review

1 Aug 2020 / by PAWAN KUMAR YADAV, SUPRAKASH GUPTA, DEEPAK KUMAR

Abstract: Achieving high production and productivity is the primary concern to a mining company for remaining competitive in the present business scenario. The key to improving the performance is measuring it with a suitable method and then compare it with the standard one to assess the current status of performance. With the increasing effect of globalization and to do business, the mining equipment’s performance measurement system (PMS) requires a different dimensional approach covering all aspects of organizational functions. Absence of a notionally standard performance measure hinders the inter-organizational and intra-organizational performance comparison, knowledge and information exchange. A desirable performance measure should be holistic in nature, conceptually universal and measurable for the mining industry. This work reviews different types of performance measurement and their drawbacks. It presents the research trends to assist researchers and practitioners in further development in the area of performance measurement of mining equipment.

Keywords: Mining, performance, environmental, holistic equipment effectiveness (HEE), performance measurement (PM)

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