powerpoint chart object 12/18/2015an "appiah & associates international " presentation...
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04/21/23 An "Appiah & Associates International " presentation
ParetoPitMizationBy
Paul B. Appiah
Frontcover
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An "Appiah & Associates International " presentation
04/21/23
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01ParetoPitMization
04/21/23 An "Appiah & Associates International " presentation
Is a new frontier in RRPO.
Its a “leading” mathematical solution.
Outcome is always “preferred”.
It is logical, facts based, justifiable.
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Positives
NegativeSuffers from “the curse of dimensionality”.
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04/21/23 An "Appiah & Associates International " presentation
ParetoPitMization
= ParetoPit Optimization
+ Stochasticity
+ Simulation
+Clustering
+ Weighting
+ Preferred SolutionPar
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04/21/23 An "Appiah & Associates International " presentation
Components
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ParetoPit Optimization trigger Concurrent Opt.
Stochasticity trigger Uncertainty
Simulation trigger Variability
Clustering trigger Output Management
Weighting trigger Preferences
Preferred Solution trigger Decision-making
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04/21/23 An "Appiah & Associates International " presentation
Who should be interested in it?
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Owner Operating Companies.
Consulting Companies.
Contracting Companies.
Stakeholders.
Shareholders.
Investors.
Investment Bankers.
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04/21/23 An "Appiah & Associates International " presentation
General categories of Pit optimization
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Single Objective Pit optimization.
Single objective oriented Pit optimization.
Non-pareto Multiple objectives Pit optimization.
Pareto Pit Optimization.
ParetoPitMization.
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04/21/23 An "Appiah & Associates International “, presentation
Existing Vacuum in Pit optimization
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04/21/23 An "Appiah & Associates International " presentation
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Single Obj. orientedPareto
Non-ParetoParetomize
Single Objective Pit optimization
ParetoPitMizationCommercial level Pit optimization
Reality
Common theme = All have similar body parts.
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04/21/23 An "Appiah & Associates International " presentation
Examples of various methods
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Single objective Pit optimization:-
Derive a Pit Shell that will maximize NPV subject to some constraints.
Single Objective oriented:-.Sequential treatment or optimization of multiple objectives. Confusion: simultaneous optimisation of variables a misnomer.
Non-Pareto:- Use of multiple objectives but with subjective weightings.
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ParetoPitMizationExamples of various methods cont’d
Pareto Pit optimization:-
Simultaneous optimisation of multiple objectives, pareto optimal solution set.
ParetoPitMization:-.
Simultaneous optimisation of multiple objectives, stochasticity, simulation and objective weighting and preferred solution derivation.
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Pareto Pit Shells Frontier
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An "Appiah & Associates International " presentation04/21/23
04/21/23 An "Appiah & Associates International " presentation
Happy to take questions or comments
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Paretomization Literature in General
InsideBackcover
Some Publications (free copies at appiahandassociatesinternational.com)
Introduction to Pareto Optimal Mine Planning.
Generating Decision Maker Preferred Production Plans.
Sensitivity Analysis in Pareto Optimal Stochastic Mine Planning.
Pareto optimality for rational comprehensive decision making.
Rational Comprehensive Mine Planning Via Pareto Optimal Stochastic Serial Dynamic Programming.
Rational Realistic Risk Removal Remedy ( 5R ).
Realismm, A Virtual Reality in Rational Managerial Decision Making.