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Evaluation Method in Multiple Scenarios by Means of Datamine Applying the Law of Variable Cutting in Optimization of the NPV in Open Pit

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Advances in Manufacturing, Production Management and Process Control (AHFE 2021)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 274))

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Abstract

This research is proposed to better detail the economic information that is handled and is necessary for the evaluation of a mining project, and in turn to reduce the uncertainty that exists regarding the economic results that the mining operation will obtain. In the same way, it is expected to optimize the extraction process and consequently increase the income generated in the operation, this will be evaluated with the economic measurement tool: net present value (NPV). The research will be developed through the use of mining software such as Datamine OP and NPV Scheduler, in which simulations of the various scenarios will be carried out where the cutoff grade will be the main variable to modify in order to verify the increase in the VPN in the mining operation.

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Author information

Authors and Affiliations

  1. Ingenieria de Gestion Minera, Universidad Peruana de Ciencias Aplicadas, Prolongación Primavera 2390, Lima, 15023, Peru

    Elmer Flores-Zuniga, Diego Rivera-Ascencios, Edgar Alayo-Leon & Vidal Aramburu-Rojas

  2. Direccion de Investigacion, Universidad Peruana de Ciencias Aplicadas, Prolongación Primavera 2390, Lima, 15023, Peru

    Carlos Raymundo

Authors
  1. Elmer Flores-Zuniga
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  2. Diego Rivera-Ascencios
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  3. Edgar Alayo-Leon
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  4. Vidal Aramburu-Rojas
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  5. Carlos Raymundo
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Corresponding author

Correspondence to Carlos Raymundo .

Editor information

Editors and Affiliations

  1. Poznan University of Technology, Poznan, Poland

    Stefan Trzcielinski

  2. Faculty of Engineering Management, Poznan University, Poznan, Poland

    Beata Mrugalska

  3. University of Central Florida, Cocoa Beach, FL, USA

    Waldemar Karwowski

  4. Lincoln School of Design, University of Lincoln, LINCOLN, UK

    Emilio Rossi

  5. Department of Architecture, University of Chieti-Pescara, Pescara, Pescara, Italy

    Massimo Di Nicolantonio

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Flores-Zuniga, E., Rivera-Ascencios, D., Alayo-Leon, E., Aramburu-Rojas, V., Raymundo, C. (2021). Evaluation Method in Multiple Scenarios by Means of Datamine Applying the Law of Variable Cutting in Optimization of the NPV in Open Pit. In: Trzcielinski, S., Mrugalska, B., Karwowski, W., Rossi, E., Di Nicolantonio, M. (eds) Advances in Manufacturing, Production Management and Process Control. AHFE 2021. Lecture Notes in Networks and Systems, vol 274. Springer, Cham. https://doi.org/10.1007/978-3-030-80462-6_21

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  • DOI: https://doi.org/10.1007/978-3-030-80462-6_21

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-80461-9

  • Online ISBN: 978-3-030-80462-6

  • eBook Packages: EngineeringEngineering (R0)

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