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Managing the Use of Iron Ore in the Process of Production of Concentrate

Author

Listed:
  • Afanasev Igor Ye.

    (Kryvyi Rig National University)

Abstract

The article improves a methodical approach to managing production of iron ore concentrate in the context of minimisation of the cost of dressing the existing resources of iron ore, which are delivered to the processing sub-system of the mining company "accumulating storehouse - dressing works". The article develops a structural and logical algorithm of operative actions of the operational management of a mining company in the process of production of the concentrate on the basis of tasks of the system of operational distribution of resources of iron ore with consideration of key moments of stochastic uncertainty of parameters of production and economic activity of the company. Practical realisation of the proposed methodical approach to selective management of minimisation of the cost and increase of volumes of production of the concentrate with consideration of uncertainty of parameters of the processes of processing resources of iron ore contributes to the growth of the level of company's profitability.

Suggested Citation

  • Afanasev Igor Ye., 2013. "Managing the Use of Iron Ore in the Process of Production of Concentrate," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 6, pages 182-186.
    • Handle: RePEc:idp:bizinf:y:2013:i:6:p:182_186
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