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- 2Grade Uncertainty
- 1Best Level of Extraction
- 1Block-Cave Production Scheduling
- 1Conditional Simulation
- 1Cost of Uncertainty
Nowadays, application of massive mining methods has been increased due to the economic condition of mining companies. It is a step change for the industry, from the traditional open-pit to a move underground. Among the underground mining methods available, caving methods are favored because of...
Open-pit mining is widely used to extract natural resources. Low cut-off grades and large operations can make open-pit mining profitable. An important challenge is to determine the optimum production schedule. Usually the goal is to maximize the net present value of the project while delivering...