Research Article

Long-Term Room and Pillar Mine Production Planning Based on Fuzzy 0-1 Linear Programing and Multicriteria Clustering Algorithm with Uncertainty

Table 8

Parameters of simulation.

ProcessValue

Lead metal price
mean reverting process-monthly span
spot value (=0)
2361 $/t→range code 6→(2293 2381 2523) $/t
equilibrium
range code 4→(1963 2064 2134) $/t
speed of mean reversion 0.11251
volatility 0.18491

Zinc metal price
mean reverting process-monthly span
spot value (=0)
3060 $/t→range code 7→(2970 3244 3533)
equilibrium
range code 4→(2095 2176 2260)
speed of mean reversion 0.06133
volatility 0.16416

Operating costs
Itô-Doob stochastic process - monthly span
spot value (=0) 50 $/t
drift 0,0025
volatility 0,0125

Time span of simulation(=1,2,…,60), T=60 months

Number of simulations500