Modeling the Optimal Haul Truck Retirement Age

Operational excellence along with the need for a capital management strategy demanded an educated budgetary retirement age for haulage fleets, with uniform applicability. Given fleet size and volume of data for the Komatsu 830E fleet within Teck, this unit type was selected for development of a retirement age model suitable for all operations. The model is designed to act as a capital planning and fleet management tool aimed at minimizing costs. Life cycle parameters were examined to facilitate a visual and numerical representation of a fleet over a period of time. Physical availability and operating cost models were developed to obtain an understanding of the life cycle. These models became the drivers behind the fleet-wide retirement model. A wide analysis range of the equipment life cycle was used as it assured that the optimum retirement regime would be accurately captured. Average annual spend, including cost of operating and ownership was measured against the corresponding retirement age. Targeting the minimum within this range yielded the optimal retirement age.