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Life of Business Optimisation — The Mathematical Programming Approach

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Author M L Smith

Description

A new approach to strategic planning, the Life of Business Optimisation System (LOBOS) optimises production systems from the scale of stopes in a single mine to an entire business strategy consisting of multiple mines and products competing for capital and processing capacity. LOBOS has optimised cash flow for a wide variety of operations, including large metalliferous or coal mines and as an aid to high-level strategic business optimisation solution to multi-mine/processing/product complexes. This paper discusses the application of optimisation technology to strategic planning with an emphasis on project evaluation with examples on the application of LOBOS to a variety of recent projects.


FORMAL
CITATION:
Smith, M L, 2007.
Life
of business optimisation – the mathematical programming approach, in
Proceedings
Project
Evaluation 2007
, pp
139-146
(The
Australasian Institute of Mining and Metallurgy:
Melbourne).