Mathematical Economic Models of Assessment of Technological Progress in the Mining Industry

Mathematical economic models for assess ment of technological progress in the mining industry in the USSR are discussed. The models are based on a simple index, TT which approxi- mates the rate of growth of the people's living standards. However, for application in the mining industry it is necessary to incorporate various parameters to account for the dynamic charges in the geological, mining and other technological conditions. Derivations of the models are shown and examples of results are Included.