A New Reliability and Cost-Benefit Integrated Optimization Model about Storage Bin in Materials Transportation System

Abstract

The materials transportation system with storage bin is widely used in mines, power plants, material yards, and etc. Bin capacity size has great influence on reliability and production efficiency of whole materials transportation system. By utilizing some existing outcomes, this paper presents a new reliability and cost-benefit integrated optimization model about storage bin capacity in materials transportation system. Compared with some existed references, this presented model fully considers different influences of storage bin capacity on reliability and production efficiency of whole materials transportation system and realizes reliability, cost and benefit overall optimization decision. All kind of factors affecting designed storage bin capacity can be easily gotten by the presented model. In addition this paper also presents a set of detailed reliability and cost-benefit integrated optimization formulas about storage bin capacity in materials transportation system. These can offer the reference for capacity decision design computing of storage bin in materials transportation system.