Economic projection and evaluation of mining venture

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dc.contributor.authorČech, Jozef
dc.contributor.authorŠofranko, Marian
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2018-06-28
dc.date.available2018-06-28
dc.date.issued2018-06-28
dc.description.abstractThe paper is dealing with a new approach and technique to evaluate entrepreneur ventures using computer aided economic projection system. The term “economic projection” represents ability to display given venture from engineer’s point of view (in constructive, object and process-oriented way) into financial reports and indicators over time. Eventually it enables the user to carry out financial, investment, sensitivity, risk, scenario and what-if analyses according to requirements. It opens possibilities for changes in design or plan in order to optimize given venture in terms of economic results. The introduction contains some critical views of contemporary state in given field, i.e. in evaluation and feasibility assessment of such capital intensive and time demanding ventures. In the next, it is dealing with mathematical formulation of the problem underlying new method and its computer realization. Finally, it presents practical application of the technique to an existing underground mine and mineral processing plant. The task was to make assessment of viability of a proposed mining venture on a selected part of deposit called Silver Vein. The study was to provide overall evaluation of the proposed venture, regarding many engineering aspects with eventually investment and financial analysis, risk and what-if analysis in defined cases, which were presented. The results show viability and optimistic outlook for this mining venture, certainly, at given declared conditions. Additionally, the study has encouraged for future research. The intention is to try to search for a balanced, although less profitable, but more socially oriented subvention-aided mining venture with mine expansion beyond limits of the selected parts of deposit and thereby to prolong the life of mine and to back employment in given region. Future applications being considered is to use the system at planning of highways and motorways within reconstruction of transport infrastructure, being pursued at the present time in Slovakia.en
dc.formattext
dc.format.extent15 strancs
dc.identifier.doi10.15240/tul/001/2018-2-003
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/26413
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectmining ventureen
dc.subjecttheory of controlen
dc.subjectcomputer aideden
dc.subjecteconomic projectionen
dc.subjectinvestment analysisen
dc.subjectfinancial analysisen
dc.subjectsensitive analysisen
dc.subjectrisk analysisen
dc.subjectscenario analysisen
dc.subjectwhat-if analysisen
dc.subject.classificationG34
dc.subject.classificationM12
dc.titleEconomic projection and evaluation of mining ventureen
dc.typeArticleen
local.accessopen
local.citation.epage52
local.citation.spage38
local.facultyFaculty of Economics
local.filenameEM_2_2018_03
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume21
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