دورية أكاديمية

Monte Carlo Simulation and Scenario Analysis Based Limestone Quarry Production Planning

التفاصيل البيبلوغرافية
العنوان: Monte Carlo Simulation and Scenario Analysis Based Limestone Quarry Production Planning
المؤلفون: Kausar Sultan Shah, Safi Ur Rehman
المصدر: International Journal of Economic and Environment Geology, Vol 12, Iss 01, Pp 41-45 (2021)
بيانات النشر: Society of Economic Geologists and Mineral Technologists, 2021.
سنة النشر: 2021
المجموعة: LCC:Geology
مصطلحات موضوعية: monte carlo simulation, scenario analysis, raw mix design, production planning, cement factory, Geology, QE1-996.5
الوصف: The key factor behind raw mix design in the cement factory is the appropriate production planning, resulting in high-quality raw material. Quarry managers usually come up with uncertainty-related raw materials due to variations in chemical composition. These uncertainties required efficient planning in terms of useful insight into this problem. This research provides a detailed explanation of scenario analysis of raw materials used in cement manufacturing using Monte Carlo simulation (MCS) and indices. Scenario analysis is used to predict the possibility of best, worst and most likely cases of raw material’s quality. Whereas, Monte Carlo simulation is used to evaluate the inherent uncertainty associated with chemical composition values in order to analyze the impact of truly unpredictable scenarios. The predictive results help in decisions related to production planning, raw mix design optimization and increasing the probability of designing the best plan.
نوع الوثيقة: article
وصف الملف: electronic resource
اللغة: English
تدمد: 2223-957X
Relation: https://www.econ-environ-geol.org/index.php/ojs/article/view/560/352; https://doaj.org/toc/2223-957X
DOI: 10.46660/ijeeg.Vol12.Iss1.2021.560
URL الوصول: https://doaj.org/article/9a51b277d8a7429eb52cb9e4ce7abe56
رقم الأكسشن: edsdoj.9a51b277d8a7429eb52cb9e4ce7abe56
قاعدة البيانات: Directory of Open Access Journals
الوصف
تدمد:2223957X
DOI:10.46660/ijeeg.Vol12.Iss1.2021.560