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Performance analysis and best implementations old and new algorithms for the open-pit mining problemby: D. Hochbaum, A. Chen
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AbstractThe open-pit mining problem is to determine the contours of a mine, based on economic data and engineering feasibility requirements in order to yield maximumpossible net income. This practical problem needs to be solved for very large data sets. In practice, moreover, it is necessary to test multiple scenarios taking into account a variety of realizations of geological predictions and forecasts of ore value. The industry is experiencing computational difficulties in solving the problem....
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