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.

Document Type

Article

Publication Date

2024

Notes/Citation Information

© 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/).

Digital Object Identifier (DOI)

https://doi.org/10.3390/mining4010002

Funding Information 

This research received no external funding.

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