Easy profit maximization method for openpit mining
The profit function can also be formulated in unit values (per ton or cubic meter of ore), by assigning a unit profit function L ′ (/h), which is given by (2) L ′ = T U V − M − E R − B − F P. In all these variables, there are two geological characteristics, which have great importance: the stripping ratio R and the grade of ore is therefore essential to determine what their ...