An Economic Model of the Mineral Sands Industry

"A computer model of the rutile, ilmenite and zircon industry was developed jointly by Associated Minerals Consolidated and Consolidated Gold Fields for exploring marketing strategies and making predictions over a ten-year period. The industry is described briefly and the reasons for modelling it and choosing a deterministic approach explained. The economic structure of the model and its level of complexity are discussed. The necessity and techniques for convenient input and clear output, the team composition and the method of work are discussed.The reasons for the choice of FORTRAN, large computers, remote batch terminals and the vital importance of fast turn-round are discussed.Costs in staff time and computing are given, with an assessment of the reasons for the success of the model. The model is used on a regular basis to aid management decisions."