This book provides a framework for analyzing and forecasting a variety of mineral and energy markets and related industries. Such modeling activity has been at the forefront of the economic and engineering professions for some time, having received a major stimulus fC?llowing the first oil price shock in 1973. Since that time, other shocks have affected these markets and industries, causing disequilibrium economic adjustments which are difficult to analyze and to predict. Moreover, geopolitics remains an important factor which can destabilize crude oil markets and associated refining industries. Mineral and energy modeling, consequently, has become a major interest of energy-related corporations, mining and drilling companies, metal manufacturers, public utilities, investment banks,. national government agencies and international organizations. This book hopes to advance mineral and energy modeling as follows: (1) The modeling process is presented sequentially by leading the model builder from model specification, estimation, simulation, and validation to practical model applications, including explaining history, analyzing policy, and market and price forecasting; (2) New developments in modeling approaches are presented which encompass econometric market and industry models, spatial equilibrium and programming models, optimal resource depletion models, input-output models, economic sector models, and macro oriented energy interaction models (including computable general equilibrium); (3) The verification and application of the models is considered not only individually but also in relation to the performance of alternative modeling approaches; and (4) The modeling framework includes a perspective on new directions, so that the present model building advice will extend into the future.

Originally published in 1976, this study was undertaken to fill a gap in knowledge about non-fuel resources and the advantages and disadvantages of specific methodologies of analysing material modelling. Mineral Materials Modeling examines the influence of factors such as raw material price and availability, technological aspects and related environmental questions in relation to both economic and mathematical models. The results are particularly helpful in terms of forecasting, policy development and decision-making about mineral materials as well as assessing the usefulness of different types of model. This title will be of interest to students of Environmental Studies as well as policy makers and professionals.

Dr. R. Peter King covers the field of quantitative modeling of mineral processing equipment and the use of these models to simulate the actual behavior of ore dressing and coal washing as they are configured to work in industrial practice. The material is presented in a pedagogical style that is particularly suitable for readers who wish to learn the wide variety of modeling methods that have evolved in this field. The models vary widely from one unit type to another. As a result each model is described in some detail. Wherever possible model structure is related to the underlying physical processes that govern the behaviour of particulate material in the processing equipment. Predictive models are emphasised throughout so that, when combined, they can be used to simulate the operation of complex mineral processing flowsheets. The development of successful simulation techniques is a major objective of the work that is covered in the text. Covers all aspects of modeling and simulation Provides all necessary tools to put the theory into practice