National Technical University of Athens (NTUA)
"ΒΙΟΜΗΧΑΝΙΚΗ ΑΞΙΑ" ΚΑΤΗΓΟΡΙΩΝ ΑΠΟΘΕΜΑΤΩΝ ΩΣ ΠΑΡΑΓΟΝΤΑΣ ΓΙΑ ΤΗ ΛΗΨΗ ΕΠΕΝΔΥΤΙΚΩΝ ΑΠΟΦΑΣΕΩΝ
Abstract
dc:descriptionTHE METHODOLOGY PRESENTED IN THE PH.D. THESIS PROVIDES THE MEANS OF DEFINING THE EFFECT OF THE RESERVE ESTIMATION ERROR ON THE DESIRABILITY OF MINING A DEPOSIT. IT IS KNOWN THAT MINERAL RESERVES CAN BE CLASSIFIED ACCORDING TO THE DEGREE OF GEOLOGICAL ASSURANCE, WHICH IS BEST EXPRESSED BY THE ABOVE-MENTION ESTIMATION ERROR (CLASS A, B, ETC). IN CASE OF EXPLORING A CERTAIN DEPOSIT WITH VARYING DENSITY, THE VARIOUS DEPOSIT SECTIONS (WITH THE SAME EXPLORATION DENSITY CAN BECLASSIFIED IN DIFFERENT CLASSES AND EACH ONE OF THEM (EACH CLASS) HAS A DIFFERENT VALUE (DESIRABILITY OF MINING) FOR THE DECISION MAKER. THIS VALUE IS AFFECTED BY THE RISK DUE TO THE INSUFFICIENT KNOWLEDGE OF THE GEOLOGICAL PARAMETERS. THE METHODOLOGY DEVELOPED HERE IS BASED UPON THE MODELS OF FINANCIAL ANALYSIS (RISK ANALYSIS, CAPITAL MARKET THEORY, UTILITY THEORY). THIS METHODOLOGY, USING AS INPUT DATA THE PREVAILING CONDITIONS IN THE CAPITAL MARKET, THE SYSTEMATIC RISK OF THE MINING INVESTMENT, THE INVESTMENT COST IN RELATION TO THE CAPITAL AVAILABLE AS WELL AS THE INVESTOR'S RISK AVERSION, DEFINES CERTAIN MINIMUM ACCEPTABLE CONDITIONS OF DESIRABILITY OF THE MINING DECISION UNDER STUDY. IN CASE WHEN THESE CONDITIONS ARE SATISFIED THE CORRESPONDING RESERVE ESTIMATION ERROR IS CONSIDERED AS ACCEPTABLE FOR THE INVESTMENT.
Degree
thesis:*- Grantor dc:publisher
- National Technical University of Athens (NTUA)
- Year dc:date
- 1991
Author and committee
dc:creator, dc:contributor.*- Authors dc:creator
-
- Kastis, Nikitas
- Καστής, Νικήτας
Subjects
dc:subject × 21- ΑΝΑΛΥΣΗ ΕΠΙΧΕΙΡΗΜΑΤΙΚΟΥ ΚΙΝΔΥΝΟΥ
- ΑΠΑΙΤΟΥΜΕΝΗ ΑΝΑΜΕΝΟΜΕΝΗ ΑΠΟΔΟΣΗ ΚΕΦΑΛΑΙΩΝ
- ΑΠΟΦΑΣΗ ΕΚΜΕΤΑΛΛΕΥΣΗΣ ΚΟΙΤΑΣΜΑΤΟΣ
- ΕΠΕΝΔΥΤΙΚΗ ΑΠΟΦΑΣΗ
- Κίνδυνοι
- ΜΕΓΙΣΤΟ ΑΠΟΔΕΚΤΟ ΣΦΑΛΜΑ ΕΚΤΙΜΗΣΗΣ ΑΠΟΘΕΜΑΤΩΝ
- ΠΡΟΣΔΟΚΟΜΕΝΗ ΧΡΗΣΙΜΟΤΗΤΑ ΔΙΑΘΕΣΙΜΩΝΚΕΦΑΛΑΙΩΝ
- ΣΦΑΛΜΑ ΕΚΤΙΜΗΣΗΣ ΑΠΟΘΕΜΑΤΩΝ
- EXPECTED REQUIRED RATE OF RETURN
- EXPECTED UTILITY OF WEALTH
- Investments, Decisions
- MAXIMUM ACCEPTED RESERVE ESTIMATION ERROR
- MINING DECISION-MAKING
- PORTFOLIO, CAPITALASSET PRICING MODEL
- RESERVE ESTIMATION ERROR
- Risks
- Risk analysis
- Επιστήμες Μηχανικού και Τεχνολογία
- Περιβαλλοντική Μηχανική
- Engineering and Technology
- Environmental Engineering
Rights
- Language dc:language
- gre
Identifiers
dc:identifier.*- Identifier
- 10.12681/eadd/1610
- OAI identifier oai:identifier
- oai:10442/1610