Peer-reviewed articles 17,970 +



Title: COMPARISON OF MINING PREDICTION WITH REAL MINING AS A TOOL FOR STRATEGIC MANAGEMENT

COMPARISON OF MINING PREDICTION WITH REAL MINING AS A TOOL FOR STRATEGIC MANAGEMENT
A. Pawliczek;L. Tkacikova;L. Moravec;D. Navratilova;R. Pavlickova
1314-2704
English
20
1.2
This paper responds to published scientific papers which compile econometric models of extraction of selected mineral resources. Mining prediction models can be new tools to increase the competitiveness of mining enterprises. Comparing the results of mining prediction and real data is important for further research on the issue. Specification of the results will lead to better managerial decisions in strategic and operational management. The results of the paper can lead to the clarification of the so-called random component in econometric models and the refinement of the assembled models. Random components are different from macroeconomic indicators. These components cannot be quantitatively captured in calculations in terms of econometric models. These components are influenced by the economic models of the mineral extraction prediction. The aim of the paper is to estimate random components in the future when using mining predictions as support for managerial decisions. Other mining activities may react differently to other random components.
conference
20th International Multidisciplinary Scientific GeoConference SGEM 2020
20th International Multidisciplinary Scientific GeoConference SGEM 2020, 18 - 24 August, 2020
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference-SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci & Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts & Letters; Acad Fine Arts Zagreb Croatia; C
43-50
18 - 24 August, 2020
website
cdrom
6863

Econometric models; comparison of results; managerial decisions; strategic management