{"id":"https://openalex.org/W2150913756","doi":"https://doi.org/10.1177/0037549711410902","title":"Hybrid model of evaluation of underground lead\u2014zinc mine capacity expansion project using Monte Carlo simulation and fuzzy numbers","display_name":"Hybrid model of evaluation of underground lead\u2014zinc mine capacity expansion project using Monte Carlo simulation and fuzzy numbers","publication_year":2011,"publication_date":"2011-06-22","ids":{"openalex":"https://openalex.org/W2150913756","doi":"https://doi.org/10.1177/0037549711410902","mag":"2150913756"},"language":"en","primary_location":{"id":"doi:10.1177/0037549711410902","is_oa":false,"landing_page_url":"https://doi.org/10.1177/0037549711410902","pdf_url":null,"source":{"id":"https://openalex.org/S32573412","display_name":"SIMULATION","issn_l":"0037-5497","issn":["0037-5497","1741-3133"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SIMULATION","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5079529639","display_name":"Zoran Gligori\u0107","orcid":"https://orcid.org/0000-0003-4532-8694"},"institutions":[{"id":"https://openalex.org/I4068193","display_name":"University of Belgrade","ror":"https://ror.org/02qsmb048","country_code":"RS","type":"education","lineage":["https://openalex.org/I4068193"]}],"countries":["RS"],"is_corresponding":true,"raw_author_name":"Zoran Gligoric","raw_affiliation_strings":["Faculty of Mining and Geology, University of Belgrade, Republic of Serbia,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Mining and Geology, University of Belgrade, Republic of Serbia,","institution_ids":["https://openalex.org/I4068193"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5017373221","display_name":"\u010cedomir Belji\u0107","orcid":"https://orcid.org/0000-0002-6726-2641"},"institutions":[{"id":"https://openalex.org/I4068193","display_name":"University of Belgrade","ror":"https://ror.org/02qsmb048","country_code":"RS","type":"education","lineage":["https://openalex.org/I4068193"]}],"countries":["RS"],"is_corresponding":false,"raw_author_name":"Cedomir Beljic","raw_affiliation_strings":["Faculty of Mining and Geology, University of Belgrade, Republic of Serbia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Mining and Geology, University of Belgrade, Republic of Serbia","institution_ids":["https://openalex.org/I4068193"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5011395386","display_name":"Branko Glu\u0161\u010devi\u0107","orcid":"https://orcid.org/0000-0003-0707-9797"},"institutions":[{"id":"https://openalex.org/I4068193","display_name":"University of Belgrade","ror":"https://ror.org/02qsmb048","country_code":"RS","type":"education","lineage":["https://openalex.org/I4068193"]}],"countries":["RS"],"is_corresponding":false,"raw_author_name":"Branko Gluscevic","raw_affiliation_strings":["Faculty of Mining and Geology, University of Belgrade, Republic of Serbia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Mining and Geology, University of Belgrade, Republic of Serbia","institution_ids":["https://openalex.org/I4068193"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5055569589","display_name":"Sa\u0161a Jovanovi\u0107","orcid":"https://orcid.org/0009-0006-9728-0695"},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Sasa Jovanovic","raw_affiliation_strings":["Concern Farmakom M.B. Sabac, Republic of Serbia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Concern Farmakom M.B. Sabac, Republic of Serbia","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5079529639"],"corresponding_institution_ids":["https://openalex.org/I4068193"],"apc_list":null,"apc_paid":null,"fwci":0.8467,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":{"value":0.8107148,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"87","issue":"8","first_page":"726","last_page":"742"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9986000061035156,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9986000061035156,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13065","display_name":"Mining Techniques and Economics","score":0.9986000061035156,"subfield":{"id":"https://openalex.org/subfields/2207","display_name":"Control and Systems Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11801","display_name":"Reservoir Engineering and Simulation Methods","score":0.9878000020980835,"subfield":{"id":"https://openalex.org/subfields/2212","display_name":"Ocean Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monte-carlo-method","display_name":"Monte Carlo method","score":0.6914184093475342},{"id":"https://openalex.org/keywords/cash-flow","display_name":"Cash flow","score":0.6200093030929565},{"id":"https://openalex.org/keywords/fuzzy-logic","display_name":"Fuzzy logic","score":0.5742017030715942},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.5307396054267883},{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.5306044220924377},{"id":"https://openalex.org/keywords/profitability-index","display_name":"Profitability index","score":0.46780067682266235},{"id":"https://openalex.org/keywords/present-value","display_name":"Present value","score":0.465016633272171},{"id":"https://openalex.org/keywords/net-present-value","display_name":"Net present value","score":0.4244877099990845},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.40424948930740356},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3809955418109894},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.36561018228530884},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.3226914405822754},{"id":"https://openalex.org/keywords/production","display_name":"Production (economics)","score":0.2876833975315094},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.26223158836364746},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.2409611940383911},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.2349170446395874},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.13509345054626465},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.13334038853645325}],"concepts":[{"id":"https://openalex.org/C19499675","wikidata":"https://www.wikidata.org/wiki/Q232207","display_name":"Monte Carlo method","level":2,"score":0.6914184093475342},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.6200093030929565},{"id":"https://openalex.org/C58166","wikidata":"https://www.wikidata.org/wiki/Q224821","display_name":"Fuzzy logic","level":2,"score":0.5742017030715942},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5307396054267883},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5306044220924377},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.46780067682266235},{"id":"https://openalex.org/C6927289","wikidata":"https://www.wikidata.org/wiki/Q1100466","display_name":"Present value","level":2,"score":0.465016633272171},{"id":"https://openalex.org/C181230689","wikidata":"https://www.wikidata.org/wiki/Q192472","display_name":"Net present value","level":3,"score":0.4244877099990845},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.40424948930740356},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3809955418109894},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.36561018228530884},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.3226914405822754},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.2876833975315094},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.26223158836364746},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.2409611940383911},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2349170446395874},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.13509345054626465},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13334038853645325},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1177/0037549711410902","is_oa":false,"landing_page_url":"https://doi.org/10.1177/0037549711410902","pdf_url":null,"source":{"id":"https://openalex.org/S32573412","display_name":"SIMULATION","issn_l":"0037-5497","issn":["0037-5497","1741-3133"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SIMULATION","raw_type":"journal-article"},{"id":"pmh:oai:dr.rgf.bg.ac.rs:2460","is_oa":false,"landing_page_url":"https://dr.rgf.bg.ac.rs/s/repo/item/2460","pdf_url":null,"source":{"id":"https://openalex.org/S7407055281","display_name":"Dr RGF - RGF Repository","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Simulation: Transactions of the Society for Modeling and Simulation International","raw_type":"\u0420\u0430\u0434 \u0443 \u0447\u0430\u0441\u043e\u043f\u0438\u0441\u0443"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.4699999988079071}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":28,"referenced_works":["https://openalex.org/W10240802","https://openalex.org/W218974552","https://openalex.org/W219433537","https://openalex.org/W302896031","https://openalex.org/W618797114","https://openalex.org/W1548953477","https://openalex.org/W1570340314","https://openalex.org/W1571516254","https://openalex.org/W1968940936","https://openalex.org/W1981248499","https://openalex.org/W1981291749","https://openalex.org/W1982039177","https://openalex.org/W1996880521","https://openalex.org/W2008364713","https://openalex.org/W2056474692","https://openalex.org/W2056820451","https://openalex.org/W2117636200","https://openalex.org/W2126311658","https://openalex.org/W2141186877","https://openalex.org/W2148083797","https://openalex.org/W2210021239","https://openalex.org/W2233378021","https://openalex.org/W3121291570","https://openalex.org/W3123910944","https://openalex.org/W4211007335","https://openalex.org/W4245152641","https://openalex.org/W4285719527","https://openalex.org/W4365787967"],"related_works":["https://openalex.org/W4292298432","https://openalex.org/W4214690458","https://openalex.org/W1941620913","https://openalex.org/W2354296521","https://openalex.org/W3128463152","https://openalex.org/W3156849887","https://openalex.org/W3113808410","https://openalex.org/W4229508739","https://openalex.org/W1973763945","https://openalex.org/W2000483868"],"abstract_inverted_index":{"Large":[0],"capital":[1,152],"intensive":[2],"projects,":[3],"such":[4,150],"as":[5,45,151],"those":[6,67],"in":[7,56,144],"the":[8,31,35,53,58,72,106,130,142,145,175,182,198,203,206,209,215,220,224],"mineral":[9],"resource":[10],"industry,":[11],"are":[12,64,69,77],"often":[13,80],"associated":[14],"with":[15],"diverse":[16],"sources":[17],"of":[18,84,105,129,174,184,208,241],"both":[19,232],"endogenous":[20],"and":[21,24,66,71,74,79,99,156,163,236],"exogenous":[22],"risks":[23,27],"uncertainties.":[25],"These":[26],"can":[28],"greatly":[29],"influence":[30],"project":[32,50,149],"profitability.":[33],"Having":[34],"ability":[36],"to":[37,47,112,136,172],"plan":[38],"for":[39],"these":[40],"uncertainties":[41],"is":[42,87,110,134,190,219],"increasingly":[43],"recognized":[44],"critical":[46],"long-term":[48],"mining":[49,54],"success.":[51],"In":[52],"industry":[55],"particular,":[57],"relationships":[59],"between":[60],"input":[61],"variables":[62],"that":[63,68],"controllable,":[65],"not,":[70],"physical":[73],"economic":[75,239],"outcomes":[76],"complex":[78],"nonlinear.":[81],"The":[82,188,226],"value":[83],"managerial":[85],"flexibility":[86],"assessed":[88],"using":[89,123,212],"data":[90,115],"on":[91,117,197],"prices,":[92],"costs,":[93],"discount":[94,177],"rates,":[95],"grades,":[96],"ore":[97,154],"extraction,":[98],"metal":[100,120],"output.":[101],"Monte":[102,126],"Carlo":[103,127],"simulation":[104,128,204],"mean":[107],"reversion":[108],"process":[109],"used":[111,135,160],"forecast":[113,137],"revenue":[114],"based":[116,196],"an":[118,238],"initial":[119],"price,":[121],"by":[122,202],"annualized":[124],"volatility.":[125],"Geometric":[131],"Brownian":[132],"Motion":[133],"operating":[138],"costs.":[139],"To":[140,168],"quantify":[141],"uncertainty":[143,170],"parameters":[146],"within":[147],"a":[148,191,234],"investment,":[153],"grade,":[155],"mill":[157],"recovery,":[158],"we":[159,179],"triangular,":[161],"uniform,":[162],"normal":[164],"statistical":[165,235],"distribution,":[166],"respectively.":[167],"decrease":[169],"related":[171],"selection":[173],"appropriate":[176],"rate,":[178],"have":[180],"applied":[181],"concept":[183],"fuzzy":[185,213,216],"sets":[186],"theory.":[187],"result":[189],"Net":[192],"Present":[193],"Value":[194],"(NPV)":[195],"cash":[199],"flows":[200],"generated":[201],"over":[205],"timeframe":[207],"project.":[210,225],"When":[211],"numbers,":[214],"NPV":[217],"itself":[218],"payoff":[221],"distribution":[222],"from":[223,233,237],"model":[227],"explains":[228],"investment":[229],"behavior":[230],"satisfactorily,":[231],"point":[240],"view.":[242]},"counts_by_year":[{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}
