Open AccessShrink stope design using an inventory model
Author(s) -
Don G. Taylor,
Robert E. D. Woolsey
Publication year - 2003
Publication title -
orion/orion
Language(s) - English
Resource type - Journals
eISSN - 2224-0004
pISSN - 0259-191X
DOI - 10.5784/5-2-481
Subject(s) - stoping , profit (economics) , computer science , operations research , mining engineering , operations management , business , geology , economics , microeconomics , mathematics
This paper addresses the fact that current practice in shrink-stoping in hard rock mining invariably ignores the inventory holding cost of the blasted ore. We believe, and show by example, that ignoring this cost could make the difference between profit and loss in an industry that, at present, needs all the help it can get