The Method for the Assessment of the Impact of Variable Demand of Hard Coal Consumers on the Profitability of a Multi-Facility Mining Enterprise

Dariusz Fuksa

doi:10.29227/IM-2017-01-39

The Method for the Assessment of the Impact of Variable Demand of Hard Coal Consumers on the Profitability of a Multi-Facility Mining Enterprise

Authors

Dariusz Fuksa Author

DOI:

https://doi.org/10.29227/IM-2017-01-39

Keywords:

method Monte Carlo, profitability, optimization, algorithm Simplex

Abstract

This article analyzes the influences of changes in demand on profitability of a multi-facility mining enterprise based on the Monte Carlo method. The explored method allows predicting the profitability of mines. It also makes it possible to forecast the direction along with the probability of outcomes.