Maintenance service contract model for heavy equipment in mining industry using principal agent theory

Mining industry is characterized by a high operational revenue, and hence high availability of heavy equipment used in mining industry is a critical factor to ensure the revenue target. To maintain high avaliability of the heavy equipment, the equipment’s owner hires an agent to perform maintenance...

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Format:	Tagungsbericht
Sprache:	eng
Schlagworte:	Compensation Cost sharing Decision making Maintenance Mathematical models Mining industry Numerical methods Revenue Revenue sharing Risk
Online-Zugang:	Volltext
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