Direct block scheduling under marketing uncertainties

Abstract Mineral projects are composed of geological, operational and market uncertainties, and reducing these uncertainties is one of the objectives of engineering. Most surveys assess the impact of geological and operational uncertainties on the mining planning. The objective of this work is to study the impact of market uncertainty on the mineral activity. The influence of iron ore price simulation on mining sequencing will be evaluated. The price of iron ore has random behavior that is best represented by the Geometric Brownian Movement system. This study analyzed the historical series of ...

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