TY - GEN
T1 - Comprehensive Strategic Risk Management System to Reduce Evaluation Times in Small-Scale Mining Projects
AU - Loarte-Flores, Fernando
AU - Vasquez-Olivera, Yaneth
AU - Mamani-Macedo, Nestor
AU - Raymundo-Ibañez, Carlos
AU - Dominguez, Francisco
N1 - Publisher Copyright:
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020.
PY - 2020
Y1 - 2020
N2 - Mining investment represents high risk for any company within or outside this area, and this has repercussions, above all, for the small companies that do not have any investment capital that they can set aside. The methods used to assess investment projects are traditional, with economic estimates such as the Net Present Value (NPV) to determine the project’s profitability. However, these methods do not assess risk factors or qualitative variables, such as socio-environmental factors or the project’s limitations on a supply chain. Given the uniqueness of each mining project variable, a systematic tool simplifying variable identification and ensuring an accurate evaluation of the mining project in its prefeasibility stage is required. This research aims to create and implement the Risk Management Balanced Scorecard approach as a project evaluation tool that will help reduce the evaluation times and implement the project risk variables, which will be analyzed by a number of experts with great experience in the industry. The results will determine the project viability or non-viability for investment.
AB - Mining investment represents high risk for any company within or outside this area, and this has repercussions, above all, for the small companies that do not have any investment capital that they can set aside. The methods used to assess investment projects are traditional, with economic estimates such as the Net Present Value (NPV) to determine the project’s profitability. However, these methods do not assess risk factors or qualitative variables, such as socio-environmental factors or the project’s limitations on a supply chain. Given the uniqueness of each mining project variable, a systematic tool simplifying variable identification and ensuring an accurate evaluation of the mining project in its prefeasibility stage is required. This research aims to create and implement the Risk Management Balanced Scorecard approach as a project evaluation tool that will help reduce the evaluation times and implement the project risk variables, which will be analyzed by a number of experts with great experience in the industry. The results will determine the project viability or non-viability for investment.
KW - Balanced Scorecard
KW - Evaluation
KW - Investment
KW - Mining companies
KW - Prefeasibility
KW - Risk
UR - https://www.scopus.com/pages/publications/85085219723
U2 - 10.1007/978-3-030-44267-5_91
DO - 10.1007/978-3-030-44267-5_91
M3 - Contribución a la conferencia
AN - SCOPUS:85085219723
SN - 9783030442668
T3 - Advances in Intelligent Systems and Computing
SP - 603
EP - 609
BT - Human Interaction, Emerging Technologies and Future Applications II - Proceedings of the 2nd International Conference on Human Interaction and Emerging Technologies
A2 - Ahram, Tareq
A2 - Taiar, Redha
A2 - Gremeaux-Bader, Vincent
A2 - Aminian, Kamiar
PB - Springer
T2 - 2nd International Conference on Human Interaction and Emerging Technologies: Future Applications, IHIET-AI 2020
Y2 - 23 April 2020 through 25 April 2020
ER -