A test and re-estimation of Taylor's empirical capacity-reserve relationship
Natural Resources Research
By: K. R. Long
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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.
| 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 |
| 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 |
| Google Analytic Metrics | Metrics page |