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National Technical University of Athens (NTUA)

"ΒΙΟΜΗΧΑΝΙΚΗ ΑΞΙΑ" ΚΑΤΗΓΟΡΙΩΝ ΑΠΟΘΕΜΑΤΩΝ ΩΣ ΠΑΡΑΓΟΝΤΑΣ ΓΙΑ ΤΗ ΛΗΨΗ ΕΠΕΝΔΥΤΙΚΩΝ ΑΠΟΦΑΣΕΩΝ

Abstract

dc:description

THE 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

Rights

Language dc:language
gre

Identifiers

dc:identifier.*
Identifier
10.12681/eadd/1610
OAI identifier oai:identifier
oai:10442/1610

Chain of custody

source
Harvested from
Greek National Archive of PhD Theses
Base URL
phdtheses.ekt.gr/eadd_oai/request
Last updated
2026-07-24
Source record
OAI-PMH GetRecord
citation

Kastis, Nikitas; Καστής, Νικήτας. "ΒΙΟΜΗΧΑΝΙΚΗ ΑΞΙΑ" ΚΑΤΗΓΟΡΙΩΝ ΑΠΟΘΕΜΑΤΩΝ ΩΣ ΠΑΡΑΓΟΝΤΑΣ ΓΙΑ ΤΗ ΛΗΨΗ ΕΠΕΝΔΥΤΙΚΩΝ ΑΠΟΦΑΣΕΩΝ. National Technical University of Athens (NTUA), 1991. http://hdl.handle.net/10442/hedi/1610