Selection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, Serbia

Defining the pushbacks at the open pit is one of the most important planning activities. Designing the pushbacks is the first step in a long-term planning of production at the open pit where the production is planned. Despite the existence of a large number of software, used for different mathematic...

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Main Authors: Kržanović Daniel, Vušović Nenad, Ljubojev Milenko
Format: Article
Language:English
Published: Mining and Metallurgy Institute, Bor 2018-01-01
Series:Mining and Metallurgy Engineering Bor
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/2334-8836/2018/2334-88361802037K.pdf
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author Kržanović Daniel
Vušović Nenad
Ljubojev Milenko
author_facet Kržanović Daniel
Vušović Nenad
Ljubojev Milenko
author_sort Kržanović Daniel
collection DOAJ
description Defining the pushbacks at the open pit is one of the most important planning activities. Designing the pushbacks is the first step in a long-term planning of production at the open pit where the production is planned. Despite the existence of a large number of software, used for different mathematical algorithms for optimization the open pits, a role of mining engineers is still a key one in development the mining plans. The work presents the results of conducted impact analysis of selection the optimum pushbacks on the project economy. Based on the results, the importance of correct selection of pushbacks can be concluded for achieving the basic goal of the mining operation - the Net Present Value Maximization (NPV).
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spelling doaj.art-0b169e312f7c454a9ec112ac2dcb50632024-04-03T09:40:25ZengMining and Metallurgy Institute, BorMining and Metallurgy Engineering Bor2334-88362406-13952018-01-0120181-2374410.5937/mmeb1802037K2334-88361802037KSelection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, SerbiaKržanović Daniel0https://orcid.org/0000-0003-3841-8667Vušović Nenad1https://orcid.org/0000-0001-5246-4243Ljubojev Milenko2Mining and Metallurgy Institute, Bor, SerbiaUniversity of Belgrade, Technical Faculty in Bor, SerbiaMining and Metallurgy Institute, Bor, SerbiaDefining the pushbacks at the open pit is one of the most important planning activities. Designing the pushbacks is the first step in a long-term planning of production at the open pit where the production is planned. Despite the existence of a large number of software, used for different mathematical algorithms for optimization the open pits, a role of mining engineers is still a key one in development the mining plans. The work presents the results of conducted impact analysis of selection the optimum pushbacks on the project economy. Based on the results, the importance of correct selection of pushbacks can be concluded for achieving the basic goal of the mining operation - the Net Present Value Maximization (NPV).https://scindeks-clanci.ceon.rs/data/pdf/2334-8836/2018/2334-88361802037K.pdfoptimal pushbacksopen pit long-term planningmaximization of net present value
spellingShingle Kržanović Daniel
Vušović Nenad
Ljubojev Milenko
Selection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, Serbia
Mining and Metallurgy Engineering Bor
optimal pushbacks
open pit long-term planning
maximization of net present value
title Selection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, Serbia
title_full Selection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, Serbia
title_fullStr Selection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, Serbia
title_full_unstemmed Selection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, Serbia
title_short Selection of the optimum pushbacks in a long-term planning process of the open pit: A condition for maximization the net present value: Case study: The open pit Veliki Krivelj, Serbia
title_sort selection of the optimum pushbacks in a long term planning process of the open pit a condition for maximization the net present value case study the open pit veliki krivelj serbia
topic optimal pushbacks
open pit long-term planning
maximization of net present value
url https://scindeks-clanci.ceon.rs/data/pdf/2334-8836/2018/2334-88361802037K.pdf
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AT vusovicnenad selectionoftheoptimumpushbacksinalongtermplanningprocessoftheopenpitaconditionformaximizationthenetpresentvaluecasestudytheopenpitvelikikriveljserbia
AT ljubojevmilenko selectionoftheoptimumpushbacksinalongtermplanningprocessoftheopenpitaconditionformaximizationthenetpresentvaluecasestudytheopenpitvelikikriveljserbia