Abstract
Diagnosing of equipment before actual failure and reduced total ownership cost of excavator (TOC) is a significant issue for the mining and civil construction industries to unavoidably consider. Consequences of prolonged project execution time and extra cost due to sudden breakdowns are better minimized by studying the reliability of the equipment and having knowledge of life cycle cost model which was used in this research to ascertain the economic replacement time and cost of an excavator. Results from life cycle cost analysis carried out on an excavator show that the replacement time and total ownership cost of excavator 320C from 2010 to 2017 is 8 years and N10, 214 respectively.
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