Models
A gold mining project is divided into five separate mines, each with unique geological characteristics and cost variables. These variables (input costs, declination rates, plateau length, etc.) are all uncertain, and the price of gold is also uncertain. What is the optimal strategy for maximizing the project profits, given so many unknown variables and possible strategies?
RISKOptimizer is used to optimize this problem to determine when, and in what order, each of the mines should be exploited.
