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Utilising Monte Carlo Simulation for the Valuation of Mining Concessions

Authors :
Rosli Said
Md Nasir Daud
Source :
Journal of Design and the Built Environment, Vol 1, Iss 1, Pp 1-17 (2005)
Publication Year :
2005
Publisher :
University of Malaya, 2005.

Abstract

Valuation involves the analyses of various input data to produce an estimated value. Since each input is itself often an estimate, there is an element of uncertainty in the input. This leads to uncertainty in the resultant output value. It is argued that a valuation must also convey information on the uncertainty, so as to be more meaningful and informative to the user. The Monte Carlo simulation technique can generate the information on uncertainty and is therefore potentially useful to valuation. This paper reports on the investigation that has been conducted to apply Monte Carlo simulation technique in mineral valuation, more specifically, in the valuation of a quarry concession.

Details

Language :
English, Malay
ISSN :
18234208 and 22321500
Volume :
1
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Journal of Design and the Built Environment
Publication Type :
Academic Journal
Accession number :
edsdoj.1b95a5a8541040f5a576e70400cae1c1
Document Type :
article