Integrated Approach to Production and Cost Management

Author

R. Larry Grayson, Missouri University of Science and TechnologyFollow
Y. J. Wang

Abstract

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.

Recommended Citation

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.

Department(s)

Mining Engineering

Document Type

Article - Conference proceedings

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 1988 Society for Mining, Metallurgy & Exploration Inc. (SME), All rights reserved.

Publication Date

01 Jan 1988