Operational Efficiency Forecasting Model of an Existing Underground Mine Using Grey System Theory and Stochastic Diffusion Processes

Forecasting the operational efficiency of an existing underground mine plays an important role in strategic planning of production. Degree of Operating Leverage (DOL) is used to express the operational efficiency of production. The forecasting model should be able to involve common time horizon, tak...

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Bibliographic Details
Main Authors: Svetlana Strbac Savic, Jasmina Nedeljkovic Ostojic, Zoran Gligoric, Cedomir Cvijovic, Snezana Aleksandrovic
Format: Article
Language:English
Published: Hindawi Limited 2015-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2015/610307