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A method for integrated process simulation in the mining industry

Author

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  • Camargo, Luis Felipe Riehs
  • Rodrigues, Luis Henrique
  • Lacerda, Daniel Pacheco
  • Piran, Fabio Sartori

Abstract

This paper proposes a method of Integrated Process Simulation (MIPS), which considers the dynamic, stochastic and systemic characteristics of mining operations to support investment decisions in this industry. This MIPS supports development of a Decision Support System (DSS) that considers product quality, process productivity and production costs. A case study is described that used the MIPS to make better investment decisions. The MIPS has proven, in practice, to be effective in several applications; for example, in defining the maintenance policy for critical equipment in an iron ore concentration plant; the process for removing impurities and simulating the company's budget to evaluate the viability of different business plans.

Suggested Citation

  • Camargo, Luis Felipe Riehs & Rodrigues, Luis Henrique & Lacerda, Daniel Pacheco & Piran, Fabio Sartori, 2018. "A method for integrated process simulation in the mining industry," European Journal of Operational Research, Elsevier, vol. 264(3), pages 1116-1129.
    • Handle: RePEc:eee:ejores:v:264:y:2018:i:3:p:1116-1129
    DOI: 10.1016/j.ejor.2017.07.013
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    References listed on IDEAS

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    Cited by:

    1. Fabio Antonio Sartori Piran & Alaércio De Paris & Daniel Pacheco Lacerda & Luis Felipe Riehs Camargo & Rosiane Serrano & Ricardo Augusto Cassel, 2020. "Overall Equipment Effectiveness: Required but not Enough—An Analysis Integrating Overall Equipment Effect and Data Envelopment Analysis," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(2), pages 191-206, June.

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