‘OPTMINEINVEST’ - A Model for Optimum Mine Investment Decision
IR@CIMFR: CSIR-Central Institute of Mining and Fuel Research, Dhanbad
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| Title |
‘OPTMINEINVEST’ - A Model for Optimum Mine Investment Decision
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| Creator |
Mohnot, J.K.
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| Subject |
Slope Stability
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| Description |
The economic success of a mining project depends upon proper investment decision which enables the achievement of planned profitability throughout the life of the mine. The new investment model has been developed with the use of NPV technique to determine the optimum investment, operating cost and mine life for the planned profitability. The correlations have been developed for (i) optimum investment and revenue (ii) optimum operating cost and revenue. For determination of optimum values of the economic parameters, computer programs developed in C++ for decision model analysis using optimisation criteria of NPV=0 & VI/n and other input parameters. The results of the correlation are plotted for different life of the mine to find out the optimum values. The model also provides the quick determination of optimum production rate for the available capital. The model is useful for quick and advance determination of optimum financial parameters prior to preparation of detailed feasibility reports.
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| Date |
2014-03
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| Type |
Article
PeerReviewed |
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| Format |
application/pdf
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| Identifier |
http://cimfr.csircentral.net/1578/1/IJESIT201402_44.pdf
Mohnot, J.K. (2014) ‘OPTMINEINVEST’ - A Model for Optimum Mine Investment Decision. International Journal of Engineering Science and Innovative Technology , 3 (2). pp. 350-357. ISSN 2319-5967 |
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| Relation |
http://cimfr.csircentral.net/1578/
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