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Description
| - Decision-making can be understood to be the core of management. The importance of the decision-making process increases with the impacts that the decisions will produce. This is also the case when an extraction company’s management is considering whether to preserve the existing continuous-operation extraction plant or replace it with discontinuous-operation plant. There is no question that a wrong decision can have long-lasting consequences in terms of the extraction company’s jeopardised financial health. Potential transition to discontinuous-operation plant will obviously require investment and a project-based approach. The capital investment project therefore has to be subjected to a comprehensive evaluation of its economic efficiency. The topic was also discussed in a contribution on “Alternative options for deploying extraction equipment at large pit quarries”, published at a conference in 2011. Our current contribution directly follows up on the economic evaluation of both technological options. For this evaluation to be relevant, not only the economic aspects but also the risks need to be reflected in the calculation of economic efficiency. The key basis for quantifying the risks is the identification and specification of threats and the assets exposed to threats. Because of the expected scope of their analytical work, the authors have first focused on the process that is critical from the point of view of exploitation, i.e., transport in extraction. The aim of this contribution is therefore to determine the threats to which assets are exposed when continuous- and discontinuous-operation equipment is deployed for loose material transport in large-capacity extraction at large pit quarries and, using cognitive maps, to identify their causal relationships and impacts on the criterion of the net present value, which is applied for evaluating the economic efficiency of capital investment projects.
- Decision-making can be understood to be the core of management. The importance of the decision-making process increases with the impacts that the decisions will produce. This is also the case when an extraction company’s management is considering whether to preserve the existing continuous-operation extraction plant or replace it with discontinuous-operation plant. There is no question that a wrong decision can have long-lasting consequences in terms of the extraction company’s jeopardised financial health. Potential transition to discontinuous-operation plant will obviously require investment and a project-based approach. The capital investment project therefore has to be subjected to a comprehensive evaluation of its economic efficiency. The topic was also discussed in a contribution on “Alternative options for deploying extraction equipment at large pit quarries”, published at a conference in 2011. Our current contribution directly follows up on the economic evaluation of both technological options. For this evaluation to be relevant, not only the economic aspects but also the risks need to be reflected in the calculation of economic efficiency. The key basis for quantifying the risks is the identification and specification of threats and the assets exposed to threats. Because of the expected scope of their analytical work, the authors have first focused on the process that is critical from the point of view of exploitation, i.e., transport in extraction. The aim of this contribution is therefore to determine the threats to which assets are exposed when continuous- and discontinuous-operation equipment is deployed for loose material transport in large-capacity extraction at large pit quarries and, using cognitive maps, to identify their causal relationships and impacts on the criterion of the net present value, which is applied for evaluating the economic efficiency of capital investment projects. (en)
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Title
| - Identification of the Threats, and Determining Their Significance, in Stripped Overburden Transport
- Identification of the Threats, and Determining Their Significance, in Stripped Overburden Transport (en)
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skos:prefLabel
| - Identification of the Threats, and Determining Their Significance, in Stripped Overburden Transport
- Identification of the Threats, and Determining Their Significance, in Stripped Overburden Transport (en)
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skos:notation
| - RIV/61989100:27350/12:86082188!RIV14-MSM-27350___
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http://linked.open...avai/predkladatel
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/61989100:27350/12:86082188
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - stripped overburden; transport; cognitive maps; risk analysis; managerial decision making (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...ontrolniKodProRIV
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http://linked.open...v/mistoKonaniAkce
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http://linked.open...i/riv/mistoVydani
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http://linked.open...i/riv/nazevZdroje
| - 12th International Multidisciplinary Scientific GeoConference SGEM 2012 : conference proceedings. Volume I-V
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...UplatneniVysledku
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http://linked.open...iv/tvurceVysledku
| - Kolman, Petr
- Seidl, Miroslav
- Tomášková, Yveta
- Vaněk, Michal
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http://linked.open...vavai/riv/typAkce
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http://linked.open.../riv/zahajeniAkce
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issn
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number of pages
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http://bibframe.org/vocab/doi
| - 10.5593/sgem2012/s03.v1027
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http://purl.org/ne...btex#hasPublisher
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http://localhost/t...ganizacniJednotka
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