MODEL OF A DECISION

CIM Bulletin, 1964

The Canadian Mining and Metallurgical

The other ingredient of Operations Research, as mentioned in the introduction, was the concept of optimization. To have an "optimum," the problem must be structured into a definition of two or more interacting variables. Figure 6 shows three cases (somewhat trivial ) that occur in mining ope rations. The r eason for selecting these particular models for demonstration is that they a lso r epresent three diffe rent methods of solution.
Keywords: Cost, Costs, easons, iterative method, mathematical model, standard deviation, Equipment, inventory, Mine, Mines, Model, Models, Production
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