how to measure the performance mining

  • What is a KPI Definition Best-Practices and Examples

    This concept was then made mainstream by Marilyn Strathern "when a measure becomes a target it ceases to be a good measure." A performance indicator or key performance indicator is just one type of performance measurement. There are many performance management frameworks that are both similar yet different.

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  • KEY PERFORMANCE INDICATORS

    Performance measurement is a fundamental principle of management. The measurement of performance is important because it identifies current performance gaps between current and desired performance and provides indication of progress towards closing the gaps. Carefully selected key performance indicators identify precisely

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  • Key performance indicators for health safety and environmnent

    Now that we have introduced key performance indicators we are going to take a look at some of the most important ones you should be measuring. This article specifically will be focusing on key performance indicators for health safety and environment across the heavy industries such as construction oil and gas manufacturing and mining.

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  • Productivity in mining operations reversing the downward

    A new methodology for measuring mining productivity shows the industry s performance is stabilising and points the way to improving productivity more effectively Th e surge in demand for metals and minerals during the 2000s quickly translated into much higher prices and profitability for mining

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  • How to Measure and Evaluate Employee Performance Data

    When you measure somethingsuch as for a recipe or a construction projectit s often a numbers game. However when measuring human performance you must use a combination of hard numbers and soft intuitive insights. Here are a few ways to measure and evaluate employee performance data Graphic rating scales.

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  • Performance Measurement of Mining Equipments by

    Performance Measurement of Mining Equipments by Utilizing OEE Sermin Elevli1 and Birol Elevli2 Over the past century open pit mines have steadily increased their production rate by using larger equipments which require intensive capital investment. Low commodity prices have forced companies to decrease their unit cost by improving productivity.

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  • Influencing Mining Equipment Performance Through

    Influencing equipment performance through maintenance metrics Successful sites use key measurements to improve availability. The primary deliverable for any mine maintenance organization is available hours that the operations department can use to meet its production goals. Performance in this area is reported in terms of availability.

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  • How to Measure a Company s Carbon Footprint NativeEnergy

    Apr 25 2018 · Why Should You Measure Your Business Carbon Footprint The first step is to understand why you re measuring your carbon footprint. The regulatory requirements for mandatory carbon reporting for example will set a clear framework for what you measure and how you report it.

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  • Performance Measurement of Mining Equipments by

    Performance Measurement of Mining Equipments by Utilizing OEE Sermin Elevli1 and Birol Elevli2 Over the past century open pit mines have steadily increased their production rate by using larger equipments which require intensive capital investment. Low commodity prices have forced companies to decrease their unit cost by improving productivity.

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  • Creating a high-performance culture McKinsey

    The agency built that vision through an intensely collaborative effort. A period of dialogues and group work involving its management team customers and external stakeholders culminated in a two-day change leadership forum with the its top 40 corporate and field leaders. During the forum those leaders developed a strategic vision for the

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  • How to Measure Marketing Performance Outbrain

    Dec 08 2014 · For example a social media post that generates 2 000 "likes" and 300 "shares" is challenging to measure the number of conversions that it generates—but you can certainly measure your ROI when it comes to customer engagement. The most popular factors to consider when it comes to marketing performance measurement are Brand Awareness

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  • Safety performance measurements for industry

    Measuring performance allows the review of an industry or organisation s safety and health performance over time. This may identify trends or clusters of incidents that can be tackled to prevent workplace deaths injury and disease.

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  • How To Properly Use Cost Reporting In The Mining Industry

    Jan 29 2016 · The All Inclusive Sustainable Cost ("AISC") is a very poor measure for evaluating mining company s relative performance. Without a strict definition mining companies can manipulate the measure.

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  • Performance Measures for Machine Learning

    • the measure you optimize to makes a difference • the measure you report makes a difference • use measure appropriate for problem/community • accuracy often is not sufficient/appropriate • ROC is gaining popularity in the ML community • only accuracy generalizes to >2 classes

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  • How to measure the memory usage of data mining algorithms

    Today I will discuss the topic of accurately evaluating the memory usage of data mining algorithms in Java.I will share several problems that I have discovered with memory measurements in Java for data miners and strategies to avoid these problems and get accurate memory measurements.

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  • Classification Performance MetricsNLP-FOR-HACKERS

    Accuracy is the most popular performance measure used and for good reason. It s extremely helpful simple to compute and to understand. It is the proportion of the correctly classified samples and all the samples. Here s how to compute accuracy in general without using the score method on a classifier

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  • Sustainability Indicators and Sustainability Performance

    benefit the host communities of mining operations especially where there are fragile ecosystems and vulnerable communities. • What lessons can be learned cross-sectorally about the measurement of sustainability performance The oil and metals sectors can provide useful lessons with respect to

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  • 7 KPIs for Construction to Maximize Project Performance

    Oct 09 2019 · The study found that 50 of contractors do not consistently capture and review project data to measure construction project performance. However the majority of those surveyed believe this is a major gap in current processes today. The study revealed seven KPIs most agree would be useful for interpreting overall performance.

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  • Performance metrics to evaluate unsupervised learning

    If your unsupervised learning method is probabilistic another option is to evaluate some probability measure (log-likelihood perplexity etc) on held out data. The motivation here is that if your unsupervised learning method assigns high probability to similar data that wasn t used to fit parameters then it has probably done a good job of

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  • Exploring the state of health and safety management system

    The goal of the current research effort was to empirically explore common methods to HSMS performance measurement in mining organizations. The purpose was to determine if value and insight could be added into the ongoing approaches of the best ways to engage in health and safety performance measurement.

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  • KPIs for Big Data InitiativesBSC Designer

    KPIs for Big Data. In the case of big data we are talking about significant investments in the new tools and architecture so it makes sense to monitor those initiatives with some hard data. The big data initiatives should also be quantified and measured. We can do this on several different levels. Level 1. 3

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  • KPIs for Big Data InitiativesBSC Designer

    KPIs for Big Data. In the case of big data we are talking about significant investments in the new tools and architecture so it makes sense to monitor those initiatives with some hard data. The big data initiatives should also be quantified and measured. We can do this on several different levels. Level 1. 3

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  • Measuring the performance in classification problemsR

    Measuring the performance in classification problems Until now we have just looked at regression settings that is problems where our main problem is to predict the level or value of Selection from R Data Mining Book

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  • Understanding AUCROC CurveTowards Data Science

    Jun 26 2018 · AUCROC curve is a performance measurement for classification problem at various thresholds settings. ROC is a probability curve and AUC represents degree or measure of separability. It tells how much model is capable of distinguishing between classes. Higher the AUC better the model is at predicting 0s as 0s and 1s as 1s. By analogy Higher

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  • 18 Key Performance Indicator (KPI) Examples Defined

    18 Key Performance Indicator Examples Definitions Financial Metrics. Profit This goes without saying but it is still important to note as this is one of the most important performance indicators out there. Don t forget to analyze both gross and net profit margin to better understand how successful your organization is at generating a

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  • KPI monitoring for the Mining industryCaron Business

    Jun 05 2018 · One effective way is to establish Key Performance Indicators (KPIs) and then monitor and measure your performance against them. In our continuing series on ways that mining companies can use technology to drive down costs we look at the value of KPIs.

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  • Social impact assessment in the mining sector Review and

    The "Responsible Mining Index" is currently under development for the purpose of measuring mining company performances in terms of social environmental and governance practices including their efforts to contribute to the SDGs . So far despite its there are some key factors influencing the social performance of mining.

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  • How to Measure Marketing Performance Outbrain

    Dec 08 2014 · For example a social media post that generates 2 000 "likes" and 300 "shares" is challenging to measure the number of conversions that it generates—but you can certainly measure your ROI when it comes to customer engagement. The most popular factors to consider when it comes to marketing performance measurement are Brand Awareness

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  • Rethink Your Mine Strategy to Improve PerformanceBain

    In our experience they often overlook an option closer to home that has the greatest potential to improve performance—rethinking mine strategy. It s not surprising. Mining companies traditionally have viewed commodity volumes as the main measure of their success.

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  • 7 strategic KPIs for the purchasing department

    To measure up the performance of the purchasing department KPIs cannot be forgotten Let s go through the 7 most essential KPIs to keep up with the purchasing department #1. Delivery This KPI measures how well the purchasing department is when it comes to

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  • How to measure performance of a sentiment analysis system

    Jul 03 2014 · First off when you are building a sentiment analysis system you are likely going to be designing it via a supervised learning structure (or better an ensemble thereof) . This means its predictive capabilities are going to be based on previously

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  • Safety performance measurements for industry

    Measuring performance allows the review of an industry or organisation s safety and health performance over time. This may identify trends or clusters of incidents that can be tackled to prevent workplace deaths injury and disease. As part of MOSHAB s inquiry into mining fatalities in September 1997 the Drilling Hazards Subcommittee

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  • KPIs for Big Data InitiativesBSC Designer

    KPIs for Big Data. In the case of big data we are talking about significant investments in the new tools and architecture so it makes sense to monitor those initiatives with some hard data. The big data initiatives should also be quantified and measured. We can do this on several different levels. Level 1. 3

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  • Top 39 Human Resources (HR) Metrics How to Calculate Them

    Human resources (HR) metrics are a way to measure how human resource activities contribute to your business performance. They calculate the cost and benefits of people aspects of the business such as the number of people at various stages in the hiring pipeline labor law compliance employee retention performance management worker satisfaction or completion of training programs.

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  • (PDF) Performance Measurement of Mining Equipment

    Performance Measurement of Mining Equipment. paper aims at reviewing the available pertinent literature in the subject field and deals with various aspects of performance measurement of

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  • Productivity in mining operations reversing the downward

    A new methodology for measuring mining productivity shows the industry s performance is stabilising and points the way to improving productivity more effectively. Th e surge in demand for metals and minerals during the 2000s quickly translated into much higher prices and profitability for mining companies. Boosting production volumes became

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