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By Jacob D. Baker

Sulphur dioxide is a versatile gas which has many uses throughout Pulp & Paper, Chemical, specialty Chemical, Mining and other industries. During recent years, S0 2 consumption and distribution patterns have resulted in renewed interests for liquid S0 2 and on site gaseous S02 manufacturing facilities. one relatively new use for S0 2 in the Mining Industry is its use for cyanide detoxification. Our purpose in this paper is to describe the process steps, economics and general technical features of so 2 gas generation using a Jet Type sulphur Burning System.

Jan 1, 1991

By Robin P. Gardner

The mechanistic approach to comminution consisting of incorporating particulate breakage functions into a suitable population balance equation has been developed by a number of researchers over the past decade or so. (1) To date this approach has been developed and demonstrated primarily for batch-operated, laboratory or small-scale ball mills. However, since industrial mills are mostly quite large and operated in the continuous mode; suitable population balance models and methods for obtaining the necessary breakage and other model parameters must be developed. This paper describes and investigates a radioisotope tracer technique for this purpose, Population balance models previously developed(2,3) are adapted for this study.

Jan 1, 1974

By James S. Browning

In 1975 bituminous coal and lignite production in the United States reached an all-time high of 637 million tons, an increase of 6 percent over production in 1974. The output, valued at $11.9 billion f.o.b. mines, was produced at 5,100 mines in 24 states (6). Coal mining is the largest mining industry in Alabama. Production from Alabama's mines in 1975 was over 21 million tons, and present projections forecast a steady increase in production, with tonnages almost doubling by 1985 (5). Of the total quantity of coal produced, about 16 million tons were consumed in electric power generation and the remainder was used for metallurgical coke production, extraction of chemicals and petroleum based products, and power for industry. The fact that 75 percent of Alabama's power is generated by burning coal attests to the importance of this fossil fuel to the State. Approximately 14 million tons of coal were produced by strip-mining methods in Alabama during 1975 and about 7 million tons were produced by underground mining during the same period. Surface mining is expected to continue at about 14 million tons per year, but by 1980 underground coal mining is expected to increase to about 25 million tons (3). About 7 million tons of surface-mined coal in Alabama is subjected to some means of washing or cleaning. The methods used are screening accompanied by heavy media separation, jigging, tabling and flotation. Some of the simpler approaches employ screening and jigging, or tabling. Except where flotation is used, the screen undersize fraction (finer than 0.25 inch) is rejected, with the result that 10 to 15 percent of the coal is lost. Thus, in the State of Alabama an aggregate of about 1 million tons of coal is wasted annually in the fines which are impounded from treatment of surface-mined coal. The use of the Humphreys spiral to concentrate fine coal was practiced as early as 1947. At that time the Hudson Coal Company (1) used Humphreys spirals to concentrate anthracite fines. In 1950, the use of spirals to treat fine-size

Jan 1, 1977

By A. E. Isaacson, T. H. Jeffers

The U.S. Bureau of Mines (USBM) is investigating arsenic removal from dilute waters using a biological precipitation/chemical adsorption system. The method includes (1) inoculating water with ferrous salts to increase hydrogen sulfide generation by indigenous sulfate-reducing bacteria, (2) utilizing the hydrogen sulfide to precipitate the bulk of the arsenic as arsenic sulfide, and (3) using beads containing ferric oxyhydroxide to remove the remaining arsenic. This approach was applied to a contaminated water containing 13 mg/L As. Arsenic extractions up to 99% were achieved. The use of sulfate-reducing bacteria is particularly warranted in this situation since most of the required nutrients are present in the water. Based on successful initial efforts, planning is underway to conduct a pilot-scale test at the site.

Jan 1, 1995

By Gunter Zimmermeyer, Hartmut Eicker

Radon in the Environment Radon, as a natural nobel gas, can be detected nearly everywhere in the environment as a decay product of ubiquitous uranium. As it is emanated from soil and rocks measurable concentrations have been found at the surface of soils and in even higher concentrations in enclosed spaces like, for example, mines and buildings. While above soil surface activities caused by radon have been found in an order of magnitude of up to 1 pCi/l (Weigel, F. 1978), concentrations in enclosed spaces and mines are higher because of the lack of atmospheric circulation. Beside air circulation the relevant figure depends on the Ra226-concentration in the surrounding rocks or building material, as well as on emanation coefficient and the diffusion coefficient. While representative Rn222concentrations in well ventilated buildings are reported to be in an order of magnitude of 1 pCi/l maximum values up to one order of magnitude higher have been found in badly ventilated brick buildings (Ettenhuber, E., Lehmann, R., Clajus, P., 1978) (Aitken, J.H., et al., 1977). Just now it was stated that the reduced air circulation due to German legal regulations on energy conservation will increase radon exposure of the public considerably (Jacobi, W., 1979). Radon in Mines Radon exposure of workers is, of course, a matter of concern in uranium ore mines where relatively high concentrations of the uranium to be mined are present. Measures to protect workers' health have been implemented, based on experience on dose-effect relationship. They serve to meet exposure standards by limiting inhalation of radioactive particles, in reducing radon concentrations or in limiting working hours. Both improved measuring devices and capacity as well as the lower discrimination threshold enable to measure radon concentrations in other mines, e.g. in coal mines. It is known that radioactivity in coal is small compared with that in other minerals and even soil, rocks. Nevertheless, radioactive elements were identified in coal and so the question was whether the concentrations of radon in coal mines might be a subject of concern. The problems encountered when measuring radon in coal mines are described below, as the measuring device has to be flame proofed which is an important additional requirement. Measured radon concentrations in British coal mines have already been published (Duggan, M.J., Howell, D.M., Soilleux, P.J., 1968 (Dungey, C.J., Hore, J., Walter, M.D., 1978). The authors found concentrations of up to 14 pCi/l in Cornish mines. In most cases the values were in the order of 2 pCi/l. These results were consistent with measurements reported from U.S.-coal mines (Lucas, H.F., Gabrush, A.F., 1966). Such concentrations of radon were not considered to represent a hazard for British miners (Ogden, T.L., 1974). In Germany, too, first measurements have been carried out in five coal mines in the Saarland in the 60's. Air samples were taken at different places in the coal mines, dried, fed to an ionisation cell and measured by a device including reference cells. Samples taken at ventilated places showed radon concentrations consistent with the lower British results. They all kept within the standards of the first German regulation on protection against radiation. Measuring the radon daughters was renounced because of the relatively low radon concentrations and the requirements for flame proofness in coal mines. Moreover, it can be ascertained that because of the effective ventilation the disequilibrium factor between the decay products and the radon concentration remains far below the value of one (Muth, H., 1978) (Keller, G.). In 1979 the committee on mine safety and health protection in coal and other mines of the EEC proposed to have measured and evaluated radon concentrations in European coal mines to find out whether they complied with international standards. Great Britain and Germany agreed to this proposal and by commissioning such measurements to scientific institutes complied with the request to harmonize the methods used. In the Federal Republic of Germany, e.g. Westfälische Berggewerkschaftskasse (WBK) and Staatliches Materialprüfungsamt; Dortmund (MPA) were requested to carry out the measurements in coal mines of the Ruhr coalfield whereas Saarberg Interplan was responsible for the Saar coalfield. The WBK measurements are reported in later paragraphs.

Jan 1, 1981

By S. Tuylu, D. Adiguzel, A. Bascetin, H. Eker

"Tailings can be more stable in-site where they are stored and and so the risk of conventional tailings dam accidents can be reduced by alternative methods. In recent years, surface paste disposal (SPD) method is one of the alternative tailings storage methods. According to the results obtained from the previous lab scale experiments, optimum storage design was determined and then, this design was carried out in-site application under atmospheric conditions by a pilot scale tests. In the field study, two separate dams with no environmental hazards were established by the hazardous waste storage directive, whose surface area is measured as 400cm × 200cm. Also physical changes in the paste tailings were measured by the sensors such as volumetric water content, mutric suction and oxygen consumption. In addition, seepage water was collected in the drainage pool and examined for acid mine drainage and metal mobilization risks. As a result of the preliminary data obtained from measurements of pilot scale tests, when the pH value of seepage in the cemented dam (only 1th and 10th layers with cemented) is about 11, the pH value of seepage in the uncemented (reference) dam is measured at 8-9. INTRODUCTION Environmental damages occurred during the deposition of mine process tailings at surface using conventional methods (tailings dam etc.) can be reduced and/or eliminated with the use of new technologies and methods to an important extent. Nowadays, it has been investigated to safely deposit metal mine wastes generally discharged into surface tailings dams, seas, rivers, creeks etc. using Paste Tailing Technology which gains the growing importance in recent years. Meanwhile, Paste Tailings Technology has two applications in industry as an underground paste backfill and surface paste deposition. Particularly scientific studies about deposition of process tailings as paste sample in underground and surface have been increased. These studies showed that surface paste deposition can minimize the free water amount which is the biggest problem in conventional tailings dams. Additionally, it also provides less particle segregation, in other words, the formation of more homogenous material, the development of geotechnical properties which causes to obtain more stable material, increases the strength and stability of the paste with addition of binder where necessary surface paste material, and reduces the risk of Acid Mine Drainage (AMD) (Bascetin et al., 2017a). Theriault et al. (2003), Martin et al. (2006) and Simms et al. (2007) reported that Bulyanhulu mine in Tanzania is the first gold mine to employ surface paste disposal (SPD) worldwide. Here, tailings are deposited alternately via several towers. The tailings flow away from each tower to forming a conical deposit. Each layer had a lower thickness than 30 cm. The fresh tailings were poured on top of drying and hardening layer after a waiting period of 5-30 days. No cement was added into the tailings to prepare paste material. Uncemented paste was deposited by a solid content of 73% which corresponded to a 250 mm slump cone height (Yilmaz et al., 2014). In a study conducted by Yilmaz (2010) illustrates the preliminary results of a field cell testing undertaken to investigate the effect of in situ climate conditions and material properties on the performance and quality of fine-grained, sulphide-rich paste tailings at the LaRonde mine in Quebec, Canada. A total of two field cells are constructed in the surface disposal site of the mine and categorized as cemented cell CC and uncemented cell UC (Bascetin et al., 2017b)."

Jan 1, 2018

By Don Phelps, Christopher Tattersall, David McAllister

Located south of downtown Seattle, the Beacon Hill Station & Tunnels is the key section of the southern segment of Sound Transit’s proposed new LINK light rail system. This paper presents an overview of the design, which includes 4,300 ft of segmentally-lined bore twin tunnels and a deep mined station. With platforms located156 feet below grade, the station itself is only the second large-scale mined station in soil the US. Its complex geometry combined with variable soil conditions—sands, silt sand clays with slickensides—challenged the designer’s to come up with a SEM-based design that addresses the owner’s risk, cost and schedule concerns.

Jan 1, 2003

By C. Stephan, E. Weiss, J. Trackemas, M. Sapko

The National Institute for Occupational Safety and Health (NIOSH), Pittsburgh Research Laboratory (PRL), in collaboration with the Mine Safety and Health Administration (MSHA), the mining industry, and seal manufacturers recently conducted a series of full-scale experiments within the underground experimental mine at PRL’s Lake Lynn Laboratory. The purpose of the experiments was to evaluate the explosion-resistant characteristics of several new seal designs for rapid deployment during mine emergencies. These seals can be deployed in 6 to 10 hr and are capable of withstanding explosion overpressures in excess of 140 kPa (20 psi). These novel seal designs use available mine materials, do not require conventional rib hitching, and, most importantly, can substantially reduce exposure time for coal miners during sealing and mine recovery operations.

Jan 1, 2003

By M. H. Foroughi

In this paper, the compressive strengths, failure modes and acoustic emission behaviors of cubic coal specimens containing bedding planes at various inclinations are considered. Test results showed that the compressive strengths and the modes of failure of coal specimens depend on the inclination of the bedding planes. From the acoustic emission (AE) measurements, the count rate detected through a low-pass window (AE (L)) was compared with that through a high-pass window (AE (H)) in each test. The results of accumulated AE history were compared with AE signatures of others. It is shown that the AE signature of coal depends on the inclination of the bedding planes, and the AE signatures can be classified into three groups. Each group corresponds to a particular mode of failure, namely, slip on the bedding planes, fracture across the bedding planes and fracture extension through the bedding planes. The parameter r, defined as the ratio of AE (L)/ [AE (L) + AE (H)], is plotted against the stress for each test. Test results showed that r also depends upon the inclination of the bedding planes.

Jan 1, 1999

By Dennis C. Parker

The Porters Creek clay is mined for its absorbent properties. The formation is part of the Upper Mississippi embayment and is recognized in Alabama, Mississippi, Tennessee, Kentucky, Illinois, and southeast Missouri. Major minerals in order of abundance are Montmorillonite, Quartz, Illite, Kaolinite, and Chlorite. Mining consists of open pit operation utilizing track loaders or scraper. The clay is dried or hardened in rotary kilns and crushed to size by roll crushers. The clay granules are sized and air classified prior to storage for shipment or packaging. Granules are sold for pet absorbents, oil absorbents, anti-skid material, fertilizer, and pesticide carriers.

Jan 1, 1979

By Susan G. Bilhorn

A number of studies have been conducted in active and inactive mine environments using continuous monitoring and data acquisition systems to detect various parameters. In addition to the information obtained for research purposes, these monitoring systems can provide a means to remotely collect required information (such as radon daughter concentrations and air velocity) and control various conditions (such as fan operation and air door position) in numerous working sections of an active mine. Selection of detector locations and placement, which are critical to obtain the information and control desired while not inhibiting mine operations and influencing the detector readings, are covered in this paper.

Jan 1, 1984

By P. Bissert, M. Klein, L. Yan, D. Yantek

"Mine Safety and Health Administration (MSHA) regulations require underground coal mines to use refuge alternatives (RAs) to provide a breathable air environment for 96 hrs. One of the main concerns with the use of mobile RAs is the heat and humidity buildup inside an RA. The accumulation of heat and humidity can result in miners suffering heat stress or even death. MSHA regulations require that the apparent temperature in a fully occupied RA must not exceed 95°F. To investigate this issue, the National Institute for Occupational Safety and Health (NIOSH) conducted testing on a 23-person tent-type RA in its Experimental Mine (EM) in a test area that was isolated from the mine ventilation system. The test results showed that the average measured air temperature within the RA increased by 9.4°C (17°F) and the relative humidity (RH) approached 94 %RH. The test results were used to benchmark a thermal simulation model of the tested RA. The validated thermal simulation model predicted the average air temperature inside the RA at the end of 96 hours to within 0.6°C (1.0°F) of the average measured air temperature. INTRODUCTION If an accident occurs in an underground coal mine, miners who fail to escape from the mine can enter an RA for protection from adverse conditions, such as high carbon monoxide levels. One of the main concerns with the use of mobile RAs is the potentially adverse thermal environment inside an RA from the metabolic heat of the occupants and the heat released by the carbon dioxide (CO2) scrubbing system. Moreover, the humidity within the RA will increase through occupants’ respiration and perspiration and from the chemical reaction within the CO2 scrubbing system. The accumulation of heat and humidity can result in miners suffering heat stress, heat stroke, or even death. In its 2007 report to Congress, the National Institute for Occupational Safety and Health (NIOSH) Office of Mine Safety and Health Research (OMSHR) recommended that RAs should be designed to ensure that the internal apparent temperature (a temperature-humidity metric) in an occupied RA does not exceed 35°C (95°F). However, a standard method to determine compliance with this metric does not exist. The heat transfer process within and surrounding an RA is very complex, and is not easily defined analytically or experimentally. To investigate the related issues, OMSHR conducted heat and humidity testing on a 23-person tent-type RA in its Experimental Mine (EM) in a test area that was isolated from the mine ventilation system. During the testing, numerous parameters were measured: heat input to the chamber, the air temperature and relative humidity inside the RA, the air temperature in the mine, the mine strata temperatures versus depth, and the airflow inside and outside the chamber. The focus of this paper is on the temperature rise within an RA. TAITherm heat transfer analysis software was used to develop a thermal simulation model of the RA as it was tested in the mine, using the test results as the benchmark. Both sensible and latent heat were used in the test and the model."

Jan 1, 2016

By B. Briggs

Over the past 15 years, the tunneling industry has pushed towards a higher degree of mechanization in nearly every phase of construction. The overall objective of the mechanization was to increase production and the level of safety in tunnel operations. However, the overall complexity of some systems have been a hindrance to a seamless transition to the newer technologies as increased maintenance requirements and re-training of skilled workers has altered the benefit curve for some innovations.

Jan 1, 2010

By Robert Moore Lewis

A unit for separating minerals into two prescribed size fractions, designated as a Lewis Hydrosizer, was developed at the North Carolina State University Minerals Research Laboratory. Ore samples with different mineral compositions, including coal, were separated effectively with the laboratory continuous unit. Commercial size units are in operation in North Carolina and Mexico, and under construction in Norway. Additional units are being build or are in the planning stage at several companies.

Jan 1, 1983

By D. Duvris

The main objective of this work was to quantitatively investigate exhaust emission levels, as related to maintenance (service) intervals, during the operation of diesel-powered equipment at an underground bauxite mine in Greece. Such emissions depend on a great number of parameters, including the type (technology) and tuning of the engine, the type of work performed as related to the engine workload, suggested maintenance intervals, the altitude, the temperature and the humidity of the atmosphere of the underground mine, the properties of the fuel, the operator's training and experience level. Necessary ventilation quantities were calculated based on exhaust gas concentration measurements, site specific relationships between pollutants and adjusted air quality indices. Diagrams comparing necessary and recommended air flow for several equipment groups featuring two engine types and for different maintenance intervals are presented.

Jan 1, 1998

By K. Hansson, A. Jedborn

Background In the mining industry, conversion of fine particles into a slurry is often part of the normal processing of the ore. Therefore, from a system's point of view, slurry transporta¬tion would be considered as a natural alternative, all the way from the working face to the final processing. In underground mines, there is sometimes a considerable inflow of ground water that has to be pumped out. When the mine dewatering installations are integrated with a hydraulic hoisting system, the cost of power needed to pump out the ground water can be excluded from the cost of hoisting, compared with other modes of transporting the solids to the surface. The chief advantage of hydraulic hoisting is that the hoisting capacity can be increased at comparatively low total cost without necessitating the sinking of new shafts. Alterna¬tive examples include deepening of the existing mechanical hoisting system, truck, or conveyor belts transport in ramps to the present level. These often become very expensive. The economic effectiveness of hydraulic hoisting and hydraulic design considerations have been discussed by Kostuik (1965) and Sellgren (1985, 1986) for both small shallow mines and large deep underground mines. Objective and scope The objective of this study was to demonstrate the feasi¬biliy of hydraulic hoisting in hypothetical examples of mine deepening. Underground grinding to a maximum particle size of about 700 um (about 25 mesh) is considered. The pumping of ground ore products with positive displacement plunger or membrane type of pumps at working pressures of up to 15 MPa (2200 psi) is a thoroughly tested technique (Venton, 1986). Hydraulic hoisting system A hydraulic hoisting system is described schematically in Fig. l . The ore is mined, handled, and crushed conventionally. It is then ground wet underground. The slurry is then tempo¬rarily stored in an agitated tank and pumped to an agitated receiving tank on the surface. The ore is then further processed in the concentrator. The capacity of a pipeline is very high. For example, an annual production of 500 Kt (550,000 st) of ore can be handled in a 100-mm-diam (4-in.-diam) pipeline. Systems layout - economic effectiveness Schematic mine layouts are presented that represent situ¬ations where hydraulic hoisting often is the most economical alternative. A situation where the ore is trucked to the level of the existing hoisting system is shown in Fig. 2 (following page). With hydraulic hoisting, only a shaft for ventilation, pipe¬line, and personnel are needed. In a first phase (Fig. 2), a hydraulic hoisting installation with crushing and grinding units, storage facilities, and pumps has been located at a level of about 400 to 600 m (1310 to 1970 ft) below the surface. With further development of the mine, the hydraulic hoisting

Jan 1, 1989

By E. A. Córdova

Current methods for scratching a piece of rock to obtain or check the characteristics of its component material can sometimes be expensive and time consuming. Scratching a rock core requires an object with a point that it is capable of sliding along the surface of the rock while recording the response from the rock due to the sliding. With the idea of providing a cost efficient solution for a scratch device, a new generation turntable arm, composed of a cartridge with a diamond stylus and a USB output connection to the computer, was used to record the vibrations from the sliding of the stylus along a rock core surface. The output sound from the stylus was captured with the computer as an audio input signal. The raw sound data was recorded in a standard waveform audio format (wav) file, and post-processed using sound spectrum analyzer software (Spectra-Lab) to capture numerical data such as frequency, amplitude, and noise from the file. The results for frequency, amplitude, and noise were compared and plotted against the scanned surface of the rock core in the search for correlations that might represent specific characteristics of the surface being scratched.

Jan 1, 2010

By David Brown, Glen Hall, Ken DeVos, Frank Barone

Dredging and Flooding was completed on the Falconbridge Limited "New Tailings Area" in the period from 1996 through 1998, as part of their site closure measures. Part of the decision making process and closure planning was water quality prediction, including oxidation and diffusion modelling. The purpose of this modeling was to define the potential water quality that would result during and after dredging. A significant body of research on the geochemistry and oxidation kinetics of this site had been compiled. The results of the modeling provide practical insight on the potential water quality that may be expected. Water quality in the pond has steadily improved since flooding was completed with the exception of short term peaks during spring runoff. Aquatic vegetation is appearing through natural recovery and transplanting of local species, and colonies of minnows are now observed in the ponds.

Jan 1, 2000

By Louis M. Schlesinger

KMG Minerals, Inc., a mica-feldspar-quartz producer in Kings Mountain, N.C., uses about 50% of its plant's -200 mesh slimes to manufacture brick. However, the company is unable to market the remaining 50% of this fine mineral mixture. The NCSU Minerals Research Laboratory operated a pilot plant to process these slimes to produce an additional product. The process, consisting of blunging and hydraulic sizing, was designed to separate a kaolin-enriched -270 mesh product from the bulk of the coarser +270 mesh "grit" minerals. Size analysis showed that this product was 80% finer than 20 microns and 50% finer than 6 microns (in equivalent spherical diameter). An evaluation indicated that it is a hydrous aluminum silicate that might be suitable in the filler and extender markets for traffic paint, some types of plastics, joint cements, and dusting compounds. Because of its high viscosity, it will be difficult to use more than a small percentage in cast ceramic bodies. However, it might be possible to use up to 10% in extruded ceramic bodies (i.e., electrical porcelain). The 15.2 cm (6 in,) diameter Linatex Hydrosizer was tested using a range of teeter water flowrates, so that the net rise velocity was varied from 0.10 cm/s to 0.40 cm/s. The solid feed rate to the sizer was maintained at approximately 1.1 t/hr/m2 (0.12 ton/hr/ft2). Tests were run using both "shallow" (i.e., 6 in.) and "deep" (i.e., 15 in. teetered beds. The best overall result was obtained when the sizer was operated with the "deep" teeter bed and a net rise velocity of 0.10 cm/s. About 97% of the +270 mesh material was rejected and approximately 79% of the -270 mesh material was recovered in a 14% solids slurry.

Jan 1, 1994

By S. H. Amini, A. Noble

"While many classic mineral processing circuit design approaches rely on deterministic methods, numerous studies have shown that the uncertainty inherent to the various input parameters can significantly influence design decisions. In a separation circuit, many of the technical uncertainties can be mathematically represented as statistical distributions for the unit recovery and feed grade. These uncertainties are then propagated by the circuit design and reflected in the circuit performance indicators, such as product grade and global recovery. An effective design strategy entails identifying which units are most influential in this uncertainty propagation and thus merit further consideration. Unfortunately, few analytical tools provide this information, particularly those that rely solely on deterministic methods. However, one promising approach is through the application of Taguchi’s method, in a fashion similar to statistical tolerancing of manufactured products. Since the technical challenges are fundamentally similar, Taguchi’s method shows promise in evaluating the level of compounded uncertainty by various circuit designs while determining the role of each separation stage on the overall selectivity and variability of separation circuits. This paper demonstrates Taguchi’s method in several two and three unit circuit designs. INTRODUCTION AND METHOD DESCRIPTION Uncertainty in Mineral Processing Circuit Design Analysis and estimation of uncertainty propagation in mineral processing separation circuits is an essential and significant aspect of an optimal circuit design procedure. Most of the current circuit design methodologies have been constructed, implemented, and validated using a deterministic modeling approach. However, numerous studies have shown that the inherent uncertainty induced by uncertain design parameters can be a significant factor in many mineral processing applications (e.g. Kraslawski 1989; Xiao and Vien 2003; Ghaffari et al. 2012). Thus, an effective circuit design methodology must be able to quantify uncertainty in separation circuits with limited input data. This paper describes Taguchi’s method, as an experimental design technique, to approximate uncertainty in mineral processing applications, and then the similarity of results between Taguchi’s method and Monte Carlo Simulation is investigated. Monte Carlo Simulation The term “Monte Carlo Simulation” has been used to refer to a variety of stochastic simulation methods spanning a broad array of business, technical, and scientific domains. Most generally, Monte Carlo Simulation refers to numerical analysis which is based on (pseudo) random sampling from a domain of input parameters with a known statistical distribution. This methodology allows one to determine the distribution of expected results from a standard deterministic process model. Execution of a Monte Carlo simulation begins by identifying the domain of input parameters, statistical distributions for each parameter, and a deterministic process model which describes the anticipated result as a function of the inputs. Next, one discrete random sample is taken for each input parameter, considering the input distributions. The process model is then solved for this mix of input parameters, producing a single simulation result. This procedure is then repeated a “large” number of times, utilizing new randomly sampled input parameters for each simulation iteration. Once the desired number of iterations is reached, the results of each independent simulation are aggregated to produce descriptive statistics such as minimum, maximum, mean, standard deviation, kurtosis, and other distribution parameters. Given enough iterations, the Monte Carlo method fully explores potential synergies between the input parameters. The methodology does not require the process model to be differentiable, continuous, or even analytically defined. While the number of required iterations varies in relation to th"

Jan 1, 2017