Integrated Approach to Production and Cost Management
A model for achieving the level of control of operations critical to surviving in the current market is outlined. The integrated Production and Cost Management System (PROCOST) is designed to provide mine managers with a reliable, quantitative, decision-assisting system that can be used in formulating timely responses to complex fluctuations in operations. PROCOST consists of a productivity forecast model, sectional bills of materials containing current resources consumption factors, a linear programming scheduling model, and operations analyses that focus on production and cost performances. The system is applied to an underground coal mine.
R. L. Grayson and Y. J. Wang, "Integrated Approach to Production and Cost Management," Preprint - Society of Mining Engineers of AIME, Society for Mining, Metallurgy & Exploration Inc. (SME), Jan 1988.
Mining and Nuclear Engineering
Article - Conference proceedings
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