Please use this identifier to cite or link to this item: http://hdl.handle.net/2080/1855
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dc.contributor.authorSethi, M R-
dc.contributor.authorChatterjee, S-
dc.date.accessioned2013-02-07T11:13:50Z-
dc.date.available2013-02-07T11:13:50Z-
dc.date.issued2012-11-
dc.identifier.citationMine Planning and Equipment Selection Conference, New Delhi 28-30 Nov, 2012en
dc.identifier.urihttp://hdl.handle.net/2080/1855-
dc.descriptionCopyright belongs to proceeding publisheren
dc.description.abstractProduction scheduling of an open pit mine is a process of assigning mining blocks to different production periods so that the total profit from a mine can be maximized over the life of the mine. The proposed stochastic version of the conventional (deterministic) network flow algorithm is applied in this paper for production scheduling incorporating metal price uncertainties. The uncertainty of metal price is introduced by simulating the price using conditional geostatistical simulation. The method is applied for optimizing the annual production scheduling at an Iron ore mine, and compared against a traditional scheduling method using the traditional single “average type” assessment of the mineral resources. In the case study presented here in, the schedule generated using the proposed stochastic model resulted in approximately 5% higher NPV than the schedule derived from the traditional approach.en
dc.format.extent189521 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoen-
dc.subjectStochastic mine planningen
dc.subjectprice uncertainty in mine planningen
dc.subjectOpen pit mine production scheduling with metal price uncertaintyen
dc.titleStochastic Open Pit Mine Production Scheduling Incorporating Price Uncertaintiesen
dc.typePresentationen
Appears in Collections:Conference Papers

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