Financially Efficient Ore Selections Incorporating Grade Uncertainty

@article{Richmond2003FinanciallyEO,
  title={Financially Efficient Ore Selections Incorporating Grade Uncertainty},
  author={A. Richmond},
  journal={Mathematical Geology},
  year={2003},
  volume={35},
  pages={195-215}
}
  • A. Richmond
  • Published 2003
  • Computer Science
  • Mathematical Geology
  • Traditional mining selection methods focus on local estimates or loss functions that do not take into account the potential diversification benefits of financial risk that is unique to each location. A constrained efficient set model with a downside risk function is formulated as a solution. Estimates of this nonlinear mixed-integer combinatorial optimization problem are provided by a simulated annealing heuristic. A utility framework that is congruent with the proposed efficiency model is then… CONTINUE READING
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