MRCR could be regarded as a multi-stage compounding real option,based on option theory,assuming the convenience yield of coal reserves to be constant,built a one-factor model of valuating MRCR with the stochastic valu...MRCR could be regarded as a multi-stage compounding real option,based on option theory,assuming the convenience yield of coal reserves to be constant,built a one-factor model of valuating MRCR with the stochastic value of coal reserves.On the basis of our one-factor model,set up a two-factor model of evaluating MRCR assuming the convenience yield follows the mean-reverting process.When applied to valuate the MRCR of a coalmine,this model gives higher values than the one-factor model and the NPV.This is because the increase of convenience yield can improve the executive oppor- tunity of MRCR.展开更多
The traditional open pit mine slope deformation monitoring system can not use the monitoring information coming from many monitoring points at the same time, can only using the monitoring data coming from a key monito...The traditional open pit mine slope deformation monitoring system can not use the monitoring information coming from many monitoring points at the same time, can only using the monitoring data coming from a key monitoring point,and that is to say it can only handle one-dimensional time series.Given this shortage in the monitoring, the multi-sensor information fusion in the state estimation techniques would be intro- duced to the slope deformation monitoring system,and by the dynamic characteristics of deformation slope,the open pit slope would be regarded as a dynamic goal,the condi- tion monitoring of which would be regarded as a dynamic target tracking.Distributed In- formation fusion technology with feedback was used to process the monitoring data and on this basis Klman filtering algorithms was introduced,and the simulation examples was used to prove its effectivenes.展开更多
基金the National Natural Science Foundation of China(90410014)
文摘MRCR could be regarded as a multi-stage compounding real option,based on option theory,assuming the convenience yield of coal reserves to be constant,built a one-factor model of valuating MRCR with the stochastic value of coal reserves.On the basis of our one-factor model,set up a two-factor model of evaluating MRCR assuming the convenience yield follows the mean-reverting process.When applied to valuate the MRCR of a coalmine,this model gives higher values than the one-factor model and the NPV.This is because the increase of convenience yield can improve the executive oppor- tunity of MRCR.
基金Liaoning Province Technology Key Project(2007231003,2006220019)Liaoning Province Talent Fund Projects(2005219005,2007R24)Liaoning Province Innovative Team Projects(2007T071,2006T076)
文摘The traditional open pit mine slope deformation monitoring system can not use the monitoring information coming from many monitoring points at the same time, can only using the monitoring data coming from a key monitoring point,and that is to say it can only handle one-dimensional time series.Given this shortage in the monitoring, the multi-sensor information fusion in the state estimation techniques would be intro- duced to the slope deformation monitoring system,and by the dynamic characteristics of deformation slope,the open pit slope would be regarded as a dynamic goal,the condi- tion monitoring of which would be regarded as a dynamic target tracking.Distributed In- formation fusion technology with feedback was used to process the monitoring data and on this basis Klman filtering algorithms was introduced,and the simulation examples was used to prove its effectivenes.
