Solving of determinate mining—Economic models by the method of Monte Carlo

The Southern African Institute of Mining and Metallurgy
B. R. Rakishev I. V. Lunkin E. B. Rakishev
Organization:
The Southern African Institute of Mining and Metallurgy
Pages:
6
File Size:
333 KB
Publication Date:
Jan 1, 2003

Abstract

In mining the method of statistical tests is used by solving of problems, exposing to influence of random factors. Such problems are: rational selection of equipment set; co-ordination in time of different processes; interaction between some processes and kinds of works. Usually it is considered that Monte Carlo method proves its value in the first place in that problems, which allow theoretical-probabilistic description. Analysis of numerical solution of mining-economic problems shows that the method of statistical tests may be used successfully by solving of determinate problems, which are solved usually analytically or by the methods of mathematical programming. We are talking about the problems of optimal use of resources, expedient placing of equipment, effective use of investments, rational planning of stripping and extracting works, groups of mining enterprises and about different variants of transport problem. In the report possibility of the method use is studied at an example of typical technical-economic problems solving. By solving of these problems the variant of the method with uniform distribution of random quantity had been applied and built-in random number generator of visual modelling system VisSim had been used. By algorithms elaboration it seems very perspective to use combination of the Monte Carlo method with traditional methods of numerical solving of the problems (methods of linear, nonlinear and dynamic programming and so on). Keywords: method of statistical tests, mining-technical problems, diapason of random number sample, efficiency function and its extremum.
Citation

APA: B. R. Rakishev I. V. Lunkin E. B. Rakishev  (2003)  Solving of determinate mining—Economic models by the method of Monte Carlo

MLA: B. R. Rakishev I. V. Lunkin E. B. Rakishev Solving of determinate mining—Economic models by the method of Monte Carlo. The Southern African Institute of Mining and Metallurgy, 2003.

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