This course, Operations
research is concerned with optimal decision making in, and modelling of,
deterministic and probabilistic systems that originate from real life. These
applications that occur in government, business, engineering, economics, and
natural science and social science, are characterised largely by the need to
allocate limited resources.
This course, Operations
research is concerned with optimal decision making in, and modelling of,
deterministic and probabilistic systems that originate from real life. These
applications that occur in government, business, engineering, economics, and
natural science and social science, are characterised largely by the need to
allocate limited resources.
This course, Operations research is concerned with optimal decision making in, and modelling of, deterministic and probabilistic systems that originate from real life. These applications that occur in government, business, engineering, economics, and natural science and social science, are characterised largely by the need to allocate limited resources.
Mineral project evaluation is the economic analysis by which investment decision is made with
respect to mining projects. Owing to the complex and risky nature of mineral projects, the
evaluation process requires that systematic, quantitative methods be used to correctly assess
the economic potential of a given mining project. Where a mineral project involves selection
among technically feasible investment alternatives, the alternatives under consideration may
have differences with respect to cost, revenues, timing of cost and revenues, lifes, taxes, effect
of inflation on future costs and associated risks and uncertainties.