Maximizing Mining Operations: Unlocking the Crucial Role of Intelligent Fleet Management Systems in Surface Mining’s Value Chain

Abstract

On the one side, the operational expenses of mining enterprises are showing an upward trend; and on the other side, conventional mining fleet management systems (FMSs) are falling short in addressing the high-dimensionality, stochasticity, and autonomy needed in increasingly complex operations. These major drivers for change have convinced researchers to search for alternatives including artificial-intelligence-enabled algorithms recommended by Mining 4.0. The present study endeavors to scrutinize this transition from a business management point of view. In other words, a literature review is carried out to gain insight into the evolutionary trajectory of mining FMSs and the need for intelligent algorithms. Afterward, a holistic supply chain layout and then a detailed value chain diagram are depicted to meticulously inspect the effect of technological advancements on FMSs and subsequently the profit margin. The proposed value-chain diagram is advantageous in explaining the economic justification of such intelligent systems, illustratively, for shareholders in the industry. Moreover, it will show new research directions for mining scholars.