Modelling policies and decisions: A case study in mineral extraction

Modelling policies and decisions: A case study in mineral extraction

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Article ID: iaor20031975
Country: Netherlands
Volume: 40
Issue: 3
Start Page Number: 147
End Page Number: 157
Publication Date: Jan 2003
Journal: Information and Management
Authors: ,
Keywords: simulation: applications, artificial intelligence: decision support
Abstract:

This paper describes the application of the tools and techniques of the system dynamics method within the context of factors which impact the flow of international mineral investment funds. Emphasis is placed on methodology rather than context. The simulation model, which provides the theoretical underpinning for the paper, is developed in the system dynamics tradition and provides a means of examining the effectiveness of varied environmental, fiscal, and corporate policies on the operating decisions of international mining firms and the flow of investment funds. The model acts as an integrated decision support tool through the projection of future changes in a mining firm's key performance indicators.

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