Download or read book Stochastic Mining Supply Chain Optimization written by Iain Farmer and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The mining value chain comprises many inter-related components. When the individual components are optimized separately the value that can be generated from the enterprise suffers. Global optimization of the mining value chain requires a shift away from conventional methods of optimization and towards the simultaneous optimization of all related aspects, including: the mine's extraction sequence, material destination decisions, material transport decisions, and equipment capacities. Further, if these decisions are to be robust, they must be made while considering sources of uncertainty. The contributions included in this thesis are meant to help industry practitioners plan and evaluate mining projects under uncertainty. Specifically, the simultaneous integration of capacity decisions in long-term scheduling is meant to provide a tool that generates a NPV-optimal mine sequence and destination policy that is also synchronized with equipment capacities selected while being robust to two sources of uncertainty. Further, a schedule-based method of pushback design is developed in an effort to construct pushbacks from an optimal mine sequence. The method is applied in order to preserve as much of the sequence's optimality as possible while generating an operational mine plan." --