Broadening NPV through a multi-criteria optimisation framework based on CRC TiME values research
Research Program
Risk, Evaluation and Planning
Project Leader
Professor Erkan Topal
Project ID
2.9
Summary
Mine plan optimisation usually focuses on maximising Net Present Value (NPV).
However decision-makers and planners increasingly need a wider set of inputs to understand the implications of different scenarios. This includes integrating a range of stakeholder perspectives.
This project includes two streams:
- Developing an optimisation framework to incorporate diverse stakeholder perspectives.
- Quantifying varying perspectives of value and risk identified through previous research. It will enable work to mathematically represent stakeholder perspectives and just for time and risk.
Project Partners
Curtin University, Quantified Strategies, South 32, Rio Tinto, MMG, BHP, Heidelberg Materials, Iluka, Newmont, Roy Hill, Deswik, Anglo American, Office of the Queensland Mine Rehabilitation Commissioner
Duration
24 months until mid-2026.