Mine-Mill Production Scheduling by Dynamic Programming

Abstract

All mining and milling complexes can, within limits, operate at a variety of production rates. Factors of economic importance that are affected by production rates are costs per unit production, recovery and product grade. Once the relationship between the production rate and cost is established, dynamic-programming techniques can define the optimum production schedule (i.e. the production schedule that maximizes the present worth of the operation) for the life of the deposit. In general, the optimum production rate is not constant for the life of the deposit, but declines gradually as the deposit is being exhausted.