MiningMath

MiningMath

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Math Optimization models that integrate multiple business’ areas

Fake Destinations

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Fake destinations serve as a workaround to account for variations over time in recovery rates, ore prices, costs, or even combinations of these economic factors. Additionally, they can be used to manually segregate materials of varying qualities into different stockpiles, providing greater control over resource management. There are two possibilities when considering fake destinations as detailed below.

Price Fluctuation

In the case of defining scenarios of price fluctuation, different ore prices for the same material should not coexist. Thus, each plant will use a specific function but will represent the same one in reality.

Example

In the following example, columns CU_1 and CU_1.2 represent the economic values considering the default price for copper and an increase of 20% in this default price.

The main point here is the fact that these circumstances cannot coexist. On the Production tab, add and define Period Ranges in which each function will exist. Then, when Process 1 (CU_1) is active, use the proper production limit for it. For the other(s), define a production of zero in the same period.

Repeat this logic for any other period range you need. The image below gives a clear example of it.

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