Computer-Assisted Monte Carlo Simulation of Optimum Cut-off Grade in Surface Mining Metal Ore Deposits

被引：0
|
作者：
Li Shou-guo [1 ]
Yang Chang [2 ]
机构：
[1] Xian Univ Architecture & Technol, Sch Management, Xian, Shaanxi Provinc, Peoples R China
[2] Xian Univ Architecture & Technol, Sch Mech Engn, Xian, Shaanxi Provinc, Peoples R China
来源：
PROCEEDING OF THE IEEE INTERNATIONAL CONFERENCE ON INFORMATION AND AUTOMATION | 2012年
关键词：
Computer simulation; Monte Carlo simulation; Optimization of cut-off grade; Real option pricing model;
D O I：
暂无
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
This study attempts to obtain the optimum cut-off grade using Monte Carlo simulation assisted by real option theory. After studying the existing theories of real options, we introduce a jump diffusion real options price model to the traditional research on mineral resources price, and deduce a back - calculation formula about cut-off grade; then, produce some future prices by stochastic simulation; and then, simulate the future price changing process by using computer-assisted Monte Carlo method and indirectly obtain the optimal current cut-off grade; finally, take a mining enterprise as the detailed example to validate the results.
引用
收藏
页码：966 / 970
页数：5
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