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Conference Proceedings

Project Evaluation 2007

Conference Proceedings

Project Evaluation 2007

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Life of Business Optimisation - The Mathematical Programming Approach

A new approach to strategic planning, the Life of Business Optimisation System (LOBOS) optimises production systems from the scale of stopes in a single mine to an entire business strategy consisting of multiple mines and products competing for capital and processing capacity. LOBOS has optimised cash flow for a wide variety of operations, including large metalliferous or coal mines and as an aid to high-level strategic business optimisation solution to multi-mine/processing/product complexes. This paper discusses the application of optimisation technology to strategic planning with an emphasis on project evaluation with examples on the application of LOBOS to a variety of recent projects.
FORMAL
CITATION:Smith, M L, 2007. Life
of business optimisation - the mathematical programming approach, in
Proceedings Project
Evaluation 2007, pp
139-146 (The
Australasian Institute of Mining and Metallurgy:
Melbourne).
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  • Published: 2006
  • PDF Size: 0.538 Mb.
  • Unique ID: P200704016

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