IDEAS home Printed from https://ideas.repec.org/a/ibn/ibrjnl/v10y2017i10p198-208.html
   My bibliography  Save this article

Trade-off Assessment on Two Steel Ball Brands Use at the Ball Mill Plant of a Ghanaian Mine

Author

Listed:
  • James Obiri-Yeboah
  • Alex Kwaku Peprah
  • Hope Nador

Abstract

Realistically, this research shows that, the type or brand of input reagent such as steel ball is a vital parameter to be considered to ensure cost saving in mineral processing business. Logically, the study pointed out the shortfall in the acceptance of input reagent (steel ball) of a production system on only the unit price variance for different items. Clearly, the paper aims at closing the lack of information gap existing in the Ghanaian mining company to overcome the situation of compromising efficiency of the plant production whilst maximizing profit. Furthermore, assessing the overall effect by taking into consideration the operating variables, painted a pragmatic and reliable picture of the prevailing scenario. Consequently, company 1 with a mean discharge product of 49.42 % passing 150 µm was at a cost of US$1.68 whiles company 2 with mean discharge product of 50.12 % passing 150 µm was at a cost of US$1.30. Comparatively, company 2 brand of steel ball usage gave an overall trade-off of 0.8 % as against the usage of company 1 steel ball brand. The paper recommended the use of company 2 steel ball brand as a cost saving enhancement decision for gold production in the Ghanaian Mine.

Suggested Citation

  • James Obiri-Yeboah & Alex Kwaku Peprah & Hope Nador, 2017. "Trade-off Assessment on Two Steel Ball Brands Use at the Ball Mill Plant of a Ghanaian Mine," International Business Research, Canadian Center of Science and Education, vol. 10(10), pages 198-208, October.
  • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:10:p:198-208
    as

    Download full text from publisher

    File URL: http://www.ccsenet.org/journal/index.php/ibr/article/view/70788/38607
    Download Restriction: no

    File URL: http://www.ccsenet.org/journal/index.php/ibr/article/view/70788
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dimitris Bertsimas & Vivek F. Farias & Nikolaos Trichakis, 2012. "On the Efficiency-Fairness Trade-off," Management Science, INFORMS, vol. 58(12), pages 2234-2250, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jamie Fairbrother & Konstantinos G. Zografos & Kevin D. Glazebrook, 2020. "A Slot-Scheduling Mechanism at Congested Airports that Incorporates Efficiency, Fairness, and Airline Preferences," Transportation Science, INFORMS, vol. 54(1), pages 115-138, January.
    2. Karsu, Özlem & Morton, Alec, 2015. "Inequity averse optimization in operational research," European Journal of Operational Research, Elsevier, vol. 245(2), pages 343-359.
    3. Nahid Rezaeinia & Julio César Góez & Mario Guajardo, 2022. "Efficiency and fairness criteria in the assignment of students to projects," Annals of Operations Research, Springer, vol. 319(2), pages 1717-1735, December.
    4. Gur, Yonatan & Iancu, Dan & Warnes, Xavier, 2020. "Value Loss in Allocation Systems with Provider Guarantees," Research Papers 3813, Stanford University, Graduate School of Business.
    5. Argyris, Nikolaos & Karsu, Özlem & Yavuz, Mirel, 2022. "Fair resource allocation: Using welfare-based dominance constraints," European Journal of Operational Research, Elsevier, vol. 297(2), pages 560-578.
    6. Pan, Xunzhang & Teng, Fei & Wang, Gehua, 2014. "A comparison of carbon allocation schemes: On the equity-efficiency tradeoff," Energy, Elsevier, vol. 74(C), pages 222-229.
    7. Rachmilevitch, Shiran, 2015. "Nash bargaining with (almost) no rationality," Mathematical Social Sciences, Elsevier, vol. 76(C), pages 107-109.
    8. Chen, Violet Xinying & Hooker, J.N., 2022. "Combining leximax fairness and efficiency in a mathematical programming model," European Journal of Operational Research, Elsevier, vol. 299(1), pages 235-248.
    9. Gudmundsson, Jens & Hougaard, Jens Leth & Platz, Trine Tornøe, 2023. "Decentralized task coordination," European Journal of Operational Research, Elsevier, vol. 304(2), pages 851-864.
    10. John P. Dickerson & Ariel D. Procaccia & Tuomas Sandholm, 2019. "Failure-Aware Kidney Exchange," Management Science, INFORMS, vol. 65(4), pages 1768-1791, April.
    11. Alexandre Jacquillat & Vikrant Vaze, 2018. "Interairline Equity in Airport Scheduling Interventions," Transportation Science, INFORMS, vol. 52(4), pages 941-964, August.
    12. Emin Karagözoğlu & Kerim Keskin, 2015. "A Tale of Two Bargaining Solutions," Games, MDPI, vol. 6(2), pages 1-14, June.
    13. Claus-Jochen Haake & Cheng-Zhong Qin, 2018. "On unification of solutions to the bargaining problem," Working Papers CIE 113, Paderborn University, CIE Center for International Economics.
    14. Anna Bogomolnaia & Hervé Moulin & Fedor Sandomirskiy, 2022. "On the Fair Division of a Random Object," Management Science, INFORMS, vol. 68(2), pages 1174-1194, February.
    15. Philippe Ezran & Yoram Haddad & Mérouane Debbah, 2019. "Allais’ paradox and resource allocation in telecommunication networks," Telecommunication Systems: Modelling, Analysis, Design and Management, Springer, vol. 70(3), pages 337-348, March.
    16. Ye, Qing Chuan & Zhang, Yingqian & Dekker, Rommert, 2017. "Fair task allocation in transportation," Omega, Elsevier, vol. 68(C), pages 1-16.
    17. Lessan, Javad & Fu, Liping & Bachmann, Chris, 2020. "Towards user-centric, market-driven mobility management of road traffic using permit-based schemes," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).
    18. Marco Chiarandini & Rolf Fagerberg & Stefano Gualandi, 2019. "Handling preferences in student-project allocation," Annals of Operations Research, Springer, vol. 275(1), pages 39-78, April.
    19. Nicosia, Gaia & Pacifici, Andrea & Pferschy, Ulrich, 2017. "Price of Fairness for allocating a bounded resource," European Journal of Operational Research, Elsevier, vol. 257(3), pages 933-943.
    20. Breugem, Thomas & Wolter, Tim Sergio & Van Wassenhove, Luk N., 2023. "Visit Allocation Problems in Multi-Service Settings : Policies and Worst-Case Bounds," Discussion Paper 2023-004, Tilburg University, Center for Economic Research.

    More about this item

    Keywords

    percentage passing; milling; retain; micron; steel ball brand;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:10:p:198-208. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.