Towards realistic microeconomic models of mineral exploitation. II
type: Item
instance of: scholarly article
title: Towards realistic microeconomic models of mineral exploitation. II
zbMATH Open document ID: 0617.90015
DOI: 10.1016/0307-904X(86)90083-1
author: C. Koen
published in: Applied Mathematical Modelling
publication date: 1986-01-01T00:00:00Z
review text: [For part I see the preceding review.] It is shown that, with representative unit cost functions, two optimal levels of ore depletion may be possible. Properties of the two solutions for quadratic unit cost and extraction at a rate close to the optimum for the mine are found. It transpires that both solutions may be physically realistic and, in the light of this, a numerical method for finding optimal exploitation strategies is developed. The approach is primarily mathematical.
Mathematics Subject Classification ID: 91B76
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 65K10
zbMATH DE Number: 4001822
zbMATH Keywords: mineral exploitation strategy
zbMATH Keywords: quadratic unit cost
zbMATH Keywords: optimal exploitation strategies
MaRDI profile type: Publication
cites work: Toward realistic microeconomic models of mineral exploitation. I
full work available at URL: 0307-904x(86)90083-1
OpenAlex ID: W4246703166
description: scientific article; zbMATH DE number 4001822