
LONG TERM PRODUCTION SCHEDULING OF OPEN PIT MINES, A REVIEW OF OLD AND NEW ALGORITHMS
(SGEM Scientific GeoConference, 2008, S. M. ALI Hosseini, R. Kakaie, M. Ataei)
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Since long term production scheduling deals with movement of ore and waste during the life of a mine, it has a significant effect on the cash flow of a mining operation. Therefore, mine planners often seek to optimize the production schedule with respect to a given criterion. The most commonly used criterion in long term scheduling optimization is to maximize net present value (NPV). The process involves sequencing of ore blocks or parcels to be mined in each period over the life of the mine subject to precedence ...
