| Article ID: | iaor2006890 |
| Country: | Canada |
| Volume: | 42 |
| Issue: | 2 |
| Start Page Number: | 143 |
| End Page Number: | 153 |
| Publication Date: | May 2004 |
| Journal: | INFOR |
| Authors: | Picard Jean-Claude, Smith Benjamin T. |
The open pit mine design problem is that of deciding which blocks of an ore deposit should be mined so as to maximize total profit while respecting certain digging constraints. In this article, we show, through a parametric maximum flow analysis, how intermediate contours should be mined so as to maximize the benefit–cost ratio while proceeding toward the ultimate mine contour.