Can we use a different set of KPIs to define and select the best joint open-pit and underground scenario?

This question was raised during the live session of GEOVIA CONNECT 25X: Rethink What’s Possible in Mine Planning and Design for Underground Mines. If you were unable to attend, the session is now available on demand at the link below.

 

💻 Watch on demand: 

GEOVIA CONNECT 25X: Holistic Optimization for Open Pit to Underground Transition

 

Here's the response from @NS, Services Software Expert Specialist - Dassault Systèmes:

 

 

 

Nicolas SOTO
Services Software Expert Specialist
Dassault Systèmes

 

Yes, definitely. In the presentation we focused on NPV and IRR, but because this is long-term planning over many years, the NPV of the second (underground) component can be heavily diluted. If you want a more meaningful comparison between the open pit and the caving operation, you can use other KPIs such as:

1- Payback period

 2- Profitability index or similar ratios relating CAPEX to discounted cash flow

All of this evaluation is handled in a script, so we can modify that script to implement whatever KPIs your organization prefers. The workflow will then update and rankscenarios using those new KPIs

 

Find more information here:

GEOVIA Underground Mine DesignerCAPEX