Production scheduling (planning) of an open-pit mine is the procedure during which the rock blocks are assigned to different production periods in a way that the highest net present value of the project achieved subject to operational constraints. The paper introduces a new and computationally less expensive meta-heuristic technique known as imperialist competitive algorithm (ICA) for long-term...

Incorporating a household’s net sale status into a rearranged Slutsky equation with combined ordinary and endowment income effects, this paper aims to reinterpret the income elasticity of demand in the case of buying and selling and to associate it with types of goods in a novel manner. To this end, the Deaton’s (1989) net benefit ratio (NBR) approach is expressed as the difference between orig...

This paper deals with resource unconstrained project scheduling problems with the objective of maximizing the net present value (NPV) of project cash flows. Here we present a heuristic algorithm named as differential procedure (Dif_AOA). In order to evaluate the efficiency of this algorithm, networks with node numbers between 10-1000 and network complexity coefficients between 1.3-6.6 have be...

Today's competitive conditions have caused the projects to be carried out in the least possible time with limited resources. Therefore, managing and scheduling a project is a necessity for the project. The timing of a project is to specify a sequence of times for a series of related activities. According to their priority and their latency, so that between the time the project is completed and ...

Net pay thickness is defined as that portion of a reservoir which contains economically producible hydrocarbons with today’s technology, prices, and costs. This thickness is a key parameter of the volumetric calculation of in-place hydrocarbons, well test interpretation, and reservoir characterization. A reservoir interval is considered as net pay when it contains hydrocarbons that can flow at ...