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Selecting the optimal exploitation option using a digital deposit model and the AHP

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  • Sobczyk, Eugeniusz J.
  • Galica, Dominik
  • Kopacz, Michał
  • Sobczyk, Wiktoria

Abstract

The prime objective of the study was to identify and evaluate options for development and exploitation of a prospective hard coal deposit using a digital geological model and a multi-criteria decision-making approach allowed, in elaborated research process, to identify investment alternatives and outline the one that maximizes the benefits for the potential investor. The developed research methodology was based on decision criteria including: economic, technical, geological, social, and environmental aspects. The combination of the above criteria made it possible to create six options for the development of the deposit named as: 1.2 MAX and 1.2 EKO, 1.5 MAX and 1.5 EKO, and 1.8 MAX and 1.8 EKO. The Analytic Hierarchy Process (AHP) was used as a method to select the optimum investment option. The research process consisted in taking into account the positive and negative impacts of individual exploitation options by building four separate hierarchical models (BOCR analysis), i.e. Benefits (B), Opportunities (O), Costs (C) and Risks (R).

Suggested Citation

  • Sobczyk, Eugeniusz J. & Galica, Dominik & Kopacz, Michał & Sobczyk, Wiktoria, 2022. "Selecting the optimal exploitation option using a digital deposit model and the AHP," Resources Policy, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:jrpoli:v:78:y:2022:i:c:s0301420722003968
    DOI: 10.1016/j.resourpol.2022.102952
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    References listed on IDEAS

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    2. Kopacz, Michał & Sobczyk, Eugeniusz J. & Galica, Dominik, 2018. "The impact of variability and correlation of selected geological parameters on the economic assessment of bituminous coal deposits with use of non-parametric bootstrap and copula-based Monte Carlo sim," Resources Policy, Elsevier, vol. 55(C), pages 171-183.
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