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A flow chart mine cost model.
Trans Am Assoc Cost Eng 1972 Jan; :81-85
Cost engineering, a basic part of most industry and government work, involves the problems of how to communicate the cost information developed and what analysis techniques were utilized. At the conclusion of a mineral economics study concerning the costs to mine and mill the vast, deep low-grade native copper deposits of upper Michigan, a DCf flow chart mine cost model was developed to help solve these problems. The flow chart mine cost model is a straightforward, graphic definition of the elements required to develop the preliminary "capital required" and "operating costs" estimates for a mine, while it depicts the interrelationships of these elements as they combine to form the total discounted cash flow cost picture.
OP; Journal Article
Transactions of the American Association of Cost Engineers
Page last reviewed: September 2, 2020
Content source: National Institute for Occupational Safety and Health Education and Information Division