A New Fuzzy Multi Criteria Decision Making Model For Open Pit Mines Equipment Selection

Abstract

Nowadays, the capital cost of open-pit mining equipment is very high so any mistake in the selection of quantity, type and capacity of equipment may cause irreparable impact on the net present value of mining project. Mine planning engineers generally use their intuition and experience in decision making even though equipment selection is a complex multi criteria decision problem. Considering the tangible along with intangible factors in the mine equipment selection problem, this paper proposes a new method of multi criteria decision making (MCDM) that makes it possible to select the optimal equipment that satisfies the decision maker. In a real-world situation, because of incomplete or non-obtainable information, the data (attributes) are often not deterministic but they are usually fuzzy-imprecise. Our proposed model considers objective, critical, and subjective factors as the three main common factors in equipment selection analysis. The last two factors, critical and subjective factors, are defined by decision maker's judgments for more adoption with real world problems. A case study is presented to illustrate the use of the proposed model and to demonstrate the capability of the model. The result of this study shows significant reduction of time consumption of calculation and good precision compared to customary methods such as Chang's fuzzy AHP method.