Trends such as increasing awareness of sustainable production, shorter product life cycles and personalised products create challenges for the mining industry. A solution to these challenges may be a functional product business model, where the provider sells the hardware’s function under a service contract and is responsible for delivering the combination of hardware and services over the duration of the contract. Under a functional product contract, it is of great importance to predict the availability performance of the hardware. For the mining company to strengthen its competitiveness even further, the reliability and maintainability are also crucial factors to reduce costs, maximise profits, minimise downtime, and improve forecasting of operating hours. The feasibility of performance modelling would be increased if it could be performed by a tool.In prior research related to the reliability of mining vehicles in underground mines, a research gap for drilling rigs was identified. The aim of the thesis was to build a prototype tool and develop a realistic test case to apply it to as a demonstration of how it can help mining vehicle (drilling vehicle) providers understand the impact of their failure modes, particularly from the perspective of providing those vehicles under functional product contracts. The focus was to develop a tool that can be accessible for decision makers within mine operating and mine vehicle provider companies who are not specialists in reliability and maintenance modelling.A simulation model was developed in JaamSim, a graphical user interface developed in Qt designer and the integration between them developed in the Python programming language. A realistic test case was constructed with the purpose of imitating a jumbo drill rig, specifically the Boomer M2 manufactured by Epiroc, used to develop tunnels in an underground mine. Three critical failure modes of the Boomer M2 were identified. Simulations of the test case show that the bent boom arm failure mode had greatest influence on the availability of the drill rig.The developed prototype tool demonstrates the value of decision support tools for measuring the impact of failure modes on functional product contracts and its potential for aiding their negotiation and adoption. The tool has a low complexity regarding usage which should increase its usefulness for decision makers. To increase the tools usefulness further, extending its flexibility of application to other mining vehicles and different maintenance policies has been identified as the next steps for future work.Key words: