We consider the optimal intertemporal consumption and investment policy of a constant absolute risk aversion (CARA) investor who faces fixed and proportional transaction costs when trading multiple risky assets. We show that when asset returns are uncorrelated, the optimal investment policy is to keep the dollar amount invested in each risky asset between two constant levels and upon reaching e...

Today’s competitive environment requires that industries succeed in sustaining full production capabilities, while minimizing capital investment. From a maintenance perspective, this means maximizing equipment reliability (i.e., achieving maximum uptime), while extending the plants life. This proactive approach needs a Total Planned Quality Maintenance (TPQM) program, the systemizing of all (i....

The wide adoption of underground mining has contributed immensely to the rapid growth of the countries’ economy, job creation, gross domestic product, fixed capital formation, gross investment and merchandise exports on an enormous global scale. At the same time, the tedious and dangerous nature of underground mining makes it vulnerable to mine accidents and disasters, such as the fall of loose...

in all over the world, mining is considered as a high-risk activity that is pregnant with serious disasters not only for miners, engineers, and other people into it, but also for people who live near the mines. in this article, our main purpose is to examine some major mine disasters and safety in mines and the case study is a coal mine in turkey. safety in mines is one of the most important is...

In the context of open-pit mine planning, uncertainties including commodity price would significantly affect the technical and financial aspects of mining projects. A mine planning that takes place regardless of the uncertainty in price just develops an optimized plan at the starting time of the mining operation. Given the price change over the life of mine, which is quite certain, optimality o...

A daunting mine disaster took place in 13 May 2014 at Soma and 301 men lost their lives. Brief information about the Eynez coal mine and some of the inherent characteristics of the field in terms of their effects on mining are presented. This paper basically concentrates on the factors that played an important role in the occurrence of this disaster. Progress of mine fire, firefighting, and res...

Nitrogen oxides and carbon monoxide gases together with dust are known as the major pollutants arising during the blasting operations using the ammonium nitrate-fuel oil (ANFO) explosive at the Sungun surface mine, located in the northwest of Iran. The pollutants were monitored during some blasting operations at the mine. It was concluded that the gases and dust clouds initially went up to the ...

Ethics in a multinational company environment is related to business problems, but the position of corporate partnership determines sustainable companies. The study aims integrate concept social investment (SI) with state defense mining companies' environment. Social Investment ethics as part Corporate Citizenship (CC) has different base. CSR for companies an honest effort towards surrounding c...

Doing large-scale genomics experiments can be expensive, and so experimenters want to get the most information out of each experiment. To this end the Maximally Informative Next Experiment (MINE) criterion for experimental design was developed. Here we explore this idea in a simplified context, the linear model. Four variations of the MINE method for the linear model were created: MINE-like, MI...

the present study represents a first insight into the draa lasfar min (marrakech - morocco) to assess the degree of polymetallic pollution caused by anthropogenic activities (like mine extraction) and consequently the possible diffusion of heavy metals and to predict the risk of their mobility in the surroundings of the mine area. the edaphologic parameters ph and electrical conductivity (ec) w...