Optimised decision-making under grade uncertainty in surface mining

Mining schedule optimisation often ignores geological and economic risks in favour of simplistic deterministic methods. In this thesis a scenario optimisation approach is developed which uses MILP optimisation results from multiple conditional simulations of geological data to derive a unique soluti...

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Bibliographic Details
Main Author: Grobler, Francois
Format: Thesis
Language:English
Published: Curtin University 2015
Online Access:http://hdl.handle.net/20.500.11937/1376
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author Grobler, Francois
author_facet Grobler, Francois
author_sort Grobler, Francois
building Curtin Institutional Repository
collection Online Access
description Mining schedule optimisation often ignores geological and economic risks in favour of simplistic deterministic methods. In this thesis a scenario optimisation approach is developed which uses MILP optimisation results from multiple conditional simulations of geological data to derive a unique solution. The research also generated an interpretive framework which incorporates the use of the Coefficient of Variation allowing the assessment of various optimisation results in order to find the solution with the most attractive risk-return ratio.
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format Thesis
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institution Curtin University Malaysia
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language English
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publishDate 2015
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spelling curtin-20.500.11937-13762017-02-20T06:42:05Z Optimised decision-making under grade uncertainty in surface mining Grobler, Francois Mining schedule optimisation often ignores geological and economic risks in favour of simplistic deterministic methods. In this thesis a scenario optimisation approach is developed which uses MILP optimisation results from multiple conditional simulations of geological data to derive a unique solution. The research also generated an interpretive framework which incorporates the use of the Coefficient of Variation allowing the assessment of various optimisation results in order to find the solution with the most attractive risk-return ratio. 2015 Thesis http://hdl.handle.net/20.500.11937/1376 en Curtin University fulltext
spellingShingle Grobler, Francois
Optimised decision-making under grade uncertainty in surface mining
title Optimised decision-making under grade uncertainty in surface mining
title_full Optimised decision-making under grade uncertainty in surface mining
title_fullStr Optimised decision-making under grade uncertainty in surface mining
title_full_unstemmed Optimised decision-making under grade uncertainty in surface mining
title_short Optimised decision-making under grade uncertainty in surface mining
title_sort optimised decision-making under grade uncertainty in surface mining
url http://hdl.handle.net/20.500.11937/1376