Linkage Projects - Grant ID: LP0211446

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/LP0211446

Funding Status
Closed

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Funded Activity Summary

Uncertainty and Risk Quantifying Optimistion for Open Pit Mine Design and Production Scheduling. Open pit mine design and production scheduling (OPDPS) deals with the management of cash flows in the order of hundreds of millions of dollars, and is a critical aspect of mining ventures. To enhance decision-making under conditions of uncertainty, this proposal aims to develop a new methodology for OPDPS based on mathematical and statistical techniques which model uncertainty in key parameters, geological, mining and market/cost and their effects on economic forecasts. The new formulation is founded on stochastic integer programming, and its integration with spatial stochastic simulations of geological attributes. Methods developed are computerised and tested in field studies.

Funded Activity Details

Start Date: 01-01-2002

End Date: 31-12-2004

Funding Scheme: Linkage Projects

Funding Amount: $285,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Resources Engineering and Extractive Metallurgy | Mining Engineering |

ANZSRC Socio-Economic Objective (SEO)

Other

Other Keywords

Iron Ores (I.E. Ferrous Ores) | Mining Engineering | Other | Resources Engineering and Extractive Metallurgy

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