Economic Settings: Prices An explanation of fields and properties

Economic Settings: Prices

To access this dialog:

• In the Economic Settings dialog, select the Prices tab.

This tab is used to set product prices for downstream optimization workflow tasks.

Field Details:

The Prices table contains the following data columns:

• Price: product prices can be positive or zero; product prices can be entered as a value or defined as a formula; at least one product must have a price exceeding selling cost.

• Selling: selling costs can be positive or zero. In parcel value evaluations selling costs are subtracted from the price.

• Currency: the currency used to evaluate the commodity.

Set Custom...: you can also define your own variables for your case study. These would commonly be used when setting pricing or other formula. Custom variables are defined using the Define Custom Variables dialog.

Set Formula: used to define a formula for a product price; if you define a formula in the Price field "formula" displays instead of a value

Delete Formula: used to delete a formula in the Price field; when you delete a formula, the value for the product Price replaces the word "formula".

Material will be defined as ore using the following cutoff test when: the following options are available with regards to how ore (and conversely, waste) is identified and reported as such in the resulting economic model:

• The parcel revenue exceeds rehabilitation cost: a rock parcel is classified as 'ore' if processing the parcel by at least one method is more profitable, or costs less, than dumping it and paying rehabilitation costs. In the absence of rehabilitation costs, it means that at least one method must yield revenues exceeding processing costs.

• Sum of grades divided by cutoffs greater than 1: the parcel is 'ore' if the sum of product grades divided by product economic cutoffs is greater than 1.

• All grades greater than their cutoffs: the parcel is 'ore' if grades of all products exceed their respective economic cutoffs.

• Any grade greater than its cutoff: the parcel is 'ore' if the grade of just one product exceeds the product economic cutoff.

• The parcel rock type is specified as ore (regardless of grade): in this situation, the parcel rock type will always be treated as ore, regardless of the grade.

	Related Topics
	Economic Model Importing Models Economic Settings: Processing