Abstract

CORZO LINARES, WILLY  and  FRANCO SEPULVEDA, GIOVANNI. IMPLEMENTATION UNDER UNCERTAINTY MARKET OPTIMIZATION ALGORITHM LERCHS-GROSSMANN IN COAL DEPOSITS. Bol. cienc. tierra [online]. 2013, n.33, pp.147-154. ISSN 0120-3630.

This paper shows a methodology for implementing the optimization algorithm Lerchs - Grossmann in a coal deposit under uncertainty in the price in the market. The methodology consists in make different simulations with optimization algorithm Lerchs - Grossmann, varied ore price in each of these simulations, choosing the price needed to perform the simulations in the current cycle before. Economic analysis was performed for each of the simulations with the aim of finding exploitable reserves and the net present value (NPV).

Keywords : Uncertainty; market; Lerchs - Grossmann; Long-term planning; Coal.

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