Decision making with option pricing and dynamic programming: development and application

Resources Policy

Volumn 25, Issue 4, 1999, Pages 257-264

  Abdel Sabour, Sabry A ^a  

^a KYOTO UNIVERSITY   (Japan)

Author keywords

Decision making; Dynamic programming; Mine Economics; Option pricing

Indexed keywords

DECISION MAKING; GOLD MINE; METHODOLOGY; MINING INDUSTRY;

UNITED STATES;

EID: 0342657118     PISSN: 03014207     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0301-4207(99)00032-X     Document Type: Article

References (9)

1. Armstrong, M., Galli, A., 1997. Option pricing: a new approach to valuing mining projects. CIM Bulletin 90 (1009), 37-44.
2. Camm, T.W., 1994. Simplified cost models for prefeasibility mineral evaluations. Mining Engineering June, 559-562.
3. Cavender, B., 1992. Determination of the optimum lifetime of a mining project using discounted cash flow and option pricing techniques. Mining Engineering Oct, 1262-1268.
4. Davis, G.A., 1995. (Mis) use of Monte Carlo simulation in NPV analysis. Mining Engineering Jan, 75-79.
5. Davis, G.A., 1996. Using commodity price projections in mineral project valuation. Mining Engineering Apr, 67-70.
6. Davis, G.A., 1998. One project, two discount rates. Mining Engineering Apr, 70-74.
7. Dixit, A.K., Pindyck, R.S., 1994. Investment under Uncertainty. Princeton University Press, Princeton, NJ.
8. Driscoll, J.M., 1997. From surface to underground: Newmont gold's Carlin east mine. Mining Engineering Aug, 23-27.
9. Smith, L.D., 1994. Discount rates and risk assessment in mineral project evaluations. Transactions of the Institution of Mineralogy and Metallurgy (Sect. A: Mining Industry) 103 (Sept-Dec), A137-A147.