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Record W2590865040 · doi:10.1177/0037549717692415

Simulation-based mine extraction sequencing with chance constrained risk tolerance

2017· article· en· W2590865040 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.
fundA Canadian funder is recorded on the work.

Bibliographic record

VenueSIMULATION · 2017
Typearticle
Languageen
FieldEngineering
TopicMining Techniques and Economics
Canadian institutionsMcGill University
FundersNatural Sciences and Engineering Research Council of Canada
KeywordsMonte Carlo methodProfitability indexProbabilistic logicNet present valueContext (archaeology)Computer scienceScheduling (production processes)Production (economics)Risk managementData miningMathematical optimizationStatisticsMathematicsArtificial intelligenceFinanceEconomics

Abstract

fetched live from OpenAlex

Technical and financial uncertainties present significant risks to the profitability and efficiency of mining operations. Unexpected realizations (e.g., price or grade) may result in catastrophic consequences. This phenomenon forces mining industries to use probabilistic decision-making tools to assess, mitigate, and manage the risks associated with these uncertainties. In this context, mining operations need robust schedules, which are insensitive to market changes and/or unexpected grade realizations. The mine production scheduling problem consists of three sub-problems: extraction sequencing (timing), ore-waste discrimination (classification) and production rates (utilization). The solutions to these problems are generated under significant parameter uncertainties. This paper proposes an extraction sequencing approach in which the net present value of a mining project is, for a given risk tolerance, maximized and the actual risk tolerance is then verified through Monte-Carlo simulations. The risk tolerance is a measure of uncertainty and that secures the project net present value with a given probability. Risk tolerance is derived through the use of standard deviations of block economic values in the medium of multiple grade and economic images of orebody. The proposed approach is demonstrated on a case study using gold mine data. The results of the case study show that the proposed approach, combining chance-constrained programming and Monte-Carlo simulation, can be used to solve the mine extraction sequencing problem in an uncertain financial and technical environment.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.384
Threshold uncertainty score0.471

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.026
GPT teacher head0.271
Teacher spread0.245 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it