Modeling and Simulation
One of the most important issues that geologists and mining engineers have always faced has been determining the limits of the mineral (deposit) and estimating the quantity and quality of reserves.
Estimation of mineral reserves requires extensive and effective use of statistics or, in other words, mathematical methods to collect, organize and interpret data and obtain logical conclusions and decisions based on analysis. An acceptable mineral reserve estimate is based on valid databases that contain raw data and information based on the interpretation of such data. The information includes the interpretation of storage geology, mineralization continuity, mineralization control, and mineralization origin, which is prepared by experts in the form of brief reports with drawings and sections.
You use simulation when…
- It is too expensive, destructive, or risky for live tests – feasibility analysis
- There are complex systems to analyze for which change is being considered and unanticipated change is often the norm – supply chain optimization, reliability analysis
- Predicting variability across processes offers efficiency gains or cost reduction – capital investment (comparing apples to oranges), resource allocation
- There is only incomplete data – scheduling system
- You need to communicate ideas and plans – stakeholder communication
- The system has several sources of uncertainty or randomness
Abilities and properties