Operating Risk in Economic Analysis for the Assessment of Design & Planning Alternatives in Underground Mine Feasibilities

Canadian Institute of Mining, Metallurgy and Petroleum
S. A. Kenzap
Organization:
Canadian Institute of Mining, Metallurgy and Petroleum
Pages:
30
File Size:
4201 KB
Publication Date:
Oct 1, 2010

Abstract

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Risk & Uncertainty ? Uncertainty about a situation can often indicate risk, which is the possibility of loss, damage, or any other undesirable event. Most people desire low risk, which would translate to a high probability of success, profit, or some form of gain. Risk = Likelihood x Consequence Risk is the possibility of loss, damage, or any other undesirable event.
Citation

APA: S. A. Kenzap  (2010)  Operating Risk in Economic Analysis for the Assessment of Design & Planning Alternatives in Underground Mine Feasibilities

MLA: S. A. Kenzap Operating Risk in Economic Analysis for the Assessment of Design & Planning Alternatives in Underground Mine Feasibilities. Canadian Institute of Mining, Metallurgy and Petroleum, 2010.

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