A Long-Term Mathematical Model for Mining Industries

Article English OPEN
Achdou, Yves; Giraud, Pierre-Noël; Lasry, Jean-Michel; Lions, Pierre-Louis;
(2016)
  • Publisher: Springer Verlag (Germany)
  • Related identifiers: doi: 10.1007/s00245-016-9390-0
  • Subject: Viscosity solution | Master equation | [SHS.ECO]Humanities and Social Sciences/Economies and finances | Heterogeneous agents model | [INFO.INFO-NA]Computer Science [cs]/Numerical Analysis [cs.NA] | Model calibration | Mean field games | [ INFO.INFO-NA ] Computer Science [cs]/Numerical Analysis [cs.NA] | Hamilton Jacobi equations

International audience; A parcimonious long term model is proposed for a mining industry. Knowing the dynamics of the global reserve, the strategy of each production unit consists of an optimal control problem with two controls, first the flux invested into prospection ... View more
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