Better management of production incidents in mining using multistage stochastic optimization

Among the many sources of uncertainty in mining are production incidents: these can be strikes, environmental issues, accidents, or any kind of event that disrupts production. In this work, we present a strategic mine-planning model that takes into account these types of incidents, as well as random...

Full description

Saved in:

Bibliographic Details
Published in:	Resources policy Vol. 63; p. 101404
Main Authors:	Reus, Lorenzo, Pagnoncelli, Bernardo, Armstrong, Margaret
Format:	Journal Article
Language:	English
Published:	Kidlington Elsevier Ltd 01.10.2019 Elsevier Science Ltd
Subjects:	Accidents Consumers Customers CVaR Decision making Decision trees Flexibility Julia language Mining Mining incidents Mining industry Optimal policy Optimization Prices Production Risk Risk analysis Risk-aversion Stochastic dual dynamic programming Stockpiling Strikes Uncertainty Optimal policy Risk-aversion L71 Mining incidents Stochastic dual dynamic programming CVaR D81 Julia language C61
ISSN:	0301-4207, 1873-7641
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Be the first to leave a comment!