Abstract

This research project developed an adaptive stochastic optimisation approach for multi-period production scheduling in open-pit mines under geological uncertainty, and compared it to an existing two-stage optimisation method. This new rolling-horizon optimisation approach updates the geological model each time period as new information becomes available. Numerical tests carried out earlier on open-pits of different sizes showed that, on average, the rolling-horizon adaptive policy gave better results than the non-adaptive two-stage approach. The metric used was the percentage gap between the results for each policy and those that would be obtained if the true block grades were perfectly known.