IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The possibility of mineral deposit exploitation control with Bellman's optimality principle use -- a Polkowice--Sieroszowice copper mine case study

Listed author(s):
  • Mariusz Krzak
  • Paweł Panajew
Registered author(s):

    Decision-making problems in mineral deposit management can be solved with mathematical techniques. Accomplishment of geological mining projects is usually long lasting and expensive as well as it proceeds in uncertainty conditions and is burdened with a considerable risk. The article presents possible applications of Bellman's optimality principle in exploitation control in the Polkowice--Sieroszowice copper mine. Exploitation blocks of a certain area in the mine differ mutually in ore quality and geological mining conditions. The blocks can be exploited in a certain sequence, which at optimal financial means allocation guarantees maximization of the incomes. In the first step of solving the decision-making problem the price of ore has been calculated. In the second the optimality equations have been constructed. These equations describe possible to achieve incomes related to allocated and consumed financial means. Mathematically solving the equations has allowed selecting the sequence of optimal decisions constituting the optimal strategy.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 19 (2012)
    Issue (Month): 10 (July)
    Pages: 993-999

    in new window

    Handle: RePEc:taf:apeclt:v:19:y:2012:i:10:p:993-999
    DOI: 10.1080/13504851.2011.610734
    Contact details of provider: Web page:

    Order Information: Web:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:19:y:2012:i:10:p:993-999. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.