A test and re-estimation of Taylor's empirical capacity-reserve relationship
Natural Resources Research
By: K. R. Long
Links
- More information: Publisher Index Page (via DOI)
- Download citation as: RIS | Dublin Core
Abstract
In 1977, Taylor proposed a constant elasticity model relating capacity choice in mines to reserves. A test of this model using a very large (n = 1,195) dataset confirms its validity but obtains significantly different estimated values for the model coefficients. Capacity is somewhat inelastic with respect to reserves, with an elasticity of 0.65 estimated for open-pit plus block-cave underground mines and 0.56 for all other underground mines. These new estimates should be useful for capacity determinations as scoping studies and as a starting point for feasibility studies. The results are robust over a wide range of deposit types, deposit sizes, and time, consistent with physical constraints on mine capacity that are largely independent of technology. ?? 2009 International Association for Mathematical Geology.
Suggested Citation
Long, K.R., 2009, A test and re-estimation of Taylor's empirical capacity-reserve relationship: Natural Resources Research, v. 18, no. 1, p. 57-63, https://doi.org/10.1007/s11053-009-9088-y.
ISSN: 1573-8981 (online)
| Publication type | Article |
|---|---|
| Publication Subtype | Journal Article |
| Title | A test and re-estimation of Taylor's empirical capacity-reserve relationship |
| Series title | Natural Resources Research |
| DOI | 10.1007/s11053-009-9088-y |
| Volume | 18 |
| Issue | 1 |
| Publication Date | January 30, 2009 |
| Year Published | 2009 |
| Language | English |
| Larger Work Type | Article |
| Larger Work Subtype | Journal Article |
| Larger Work Title | Natural Resources Research |
| First page | 57 |
| Last page | 63 |