Analysis of flexible mining systems

W. Scott Dunbar, Sean Dessureault, Malcolm Scoble

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

Flexible mining systems possess the ability to adapt to internal or external changes in operating conditions and maintain production expectations. This paper reviews the nature of the various types of mining flexibility and their controlling factors. Methods for assigning a value or figure of merit to flexibility are presented. Examples focus on the use of these methods at the mine level. Option pricing was found to be a useful approach for valuation of flexibility in a strategic, long-term context such as in mine design or major modification of mine operations. Computer simulation was found to be useful for tactical evaluation of flexible opportunities in mine production control.

Original languageEnglish (US)
Pages (from-to)165-179
Number of pages15
JournalMineral Resources Engineering
Volume8
Issue number2
DOIs
StatePublished - Jan 1 1999
Externally publishedYes

ASJC Scopus subject areas

  • Geotechnical Engineering and Engineering Geology

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