Article ID: | iaor20021821 |
Country: | United States |
Volume: | 31 |
Issue: | 4 |
Start Page Number: | 50 |
End Page Number: | 60 |
Publication Date: | Jul 2001 |
Journal: | Interfaces |
Authors: | Eaves B. Curtis, Carlyle W. Matthew |
Keywords: | planning, scheduling, location |
As part of a new expansion effort, Stillwater Mining Company needed a tool for analyzing development and production scenarios is a new area of an underground platinum and palladium mine in Stillwater, Montana. We developed a large mixed-integer programming model that takes as input the planned mine layout, projected ore quality, and projected costs for basic mining activities, and produces as output a near-optimal schedule of activities that maximizes discounted ore revenue over a given planning horizon. We then used this model to evaluate various planning scenarios and make recommendations about development and production in this new area.