Mining Economics with MATLAB
View the "Mining Economics with MATLAB" webinar at:
http://au.mathworks.com/videos/mining-economics-with-matlab-81952.html
Committing to the development of a new mine involves huge amounts of capital expenditure and long time frames. In order to make optimal decisions, it is crucial to understand the future economic potential of a mine, and associated risks. Traditional spread sheet solutions, that use “average values” or “simplistic distributions”, often mean inaccurate models of the risk/return profile.
In this example we will showcase how MATLAB® can be used to develop and formalise a process for more detailed modelling of the future economic cash flow of a mine, based on historical data and producing distributions of a range of possible economic outcomes.
This example will highlight how MATLAB can be used to perform:
Net Present Value distribution analysis of a mine
Modelling and simulation of future prices and interest rate paths
Risk Assessments based on distribution of economic outcomes.
TO RUN:
Excel Version: demo_mining.xlsm
(View README for steps to setup)
MATLAB Version: NPV_Analysis.m
Cite As
David Willingham (2021). Mining Economics with MATLAB (https://www.mathworks.com/matlabcentral/fileexchange/39257-mining-economics-with-matlab), MATLAB Central File Exchange. Retrieved .
Comments and Ratings (4)
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Neither the MATLAB code will run, nor the excel file.
demo excel file not working, it just won't run. Also, the excel alternative for generating the iron ore prices model & simulation is not working. This exercise therefore cannot be replicated.