Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4959326 | European Journal of Operational Research | 2018 | 48 Pages |
Abstract
This paper proposes a method of Integrated Process Simulation (MIPS), which considers the dynamic, stochastic and systemic characteristics of mining operations to support investment decisions in this industry. This MIPS supports development of a Decision Support System (DSS) that considers product quality, process productivity and production costs. A case study is described that used the MIPS to make better investment decisions. The MIPS has proven, in practice, to be effective in several applications; for example, in defining the maintenance policy for critical equipment in an iron ore concentration plant; the process for removing impurities and simulating the company's budget to evaluate the viability of different business plans.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Luis Felipe Riehs Camargo, Luis Henrique Rodrigues, Daniel Pacheco Lacerda, Fabio Sartori Piran,