Natural Resources Utilization: Operations Research help mining organizations make better decisions when running their businesses. These decisions affect the management of manufacturing systems, chemical processes, mechanical systems, and the workforce that supports these operations. Optimization provides decision makers with the ability to balance the utilization of precious natural resources with expectations for responsible use and safety.
Dealing with Unknowns: In an environment where government regulations, resource depletion and many unknown factors are at play, it can help strategically plan in changing environment.
Business problems include:
Mine Operations, Mine Cut Design, Mining Scheduling, Opencast Mining, Construction, Production Planning, Operations Planning, Maintenance Scheduling, Site Location Planning, Deposit Optimization, Reserve Estimation and Reviewing, Block Modeling, Equipment Selection, Dispatching
Common Optimization Problems:
- Open Pit Mining Problems
- Cutting Stock Problems
- Vehicle Routing Problems