Browsing by Subject "Probability theory"

Browsing by Subject "Probability theory"

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  • The concept of age in systems analysis 
    Dubi, A.; Gurvitz, N.; Claasen, S.J. (Schalk Johannes) (Southern African Institute for Industrial Engineering, 1993-12)
    This paper discusses the mathematical concept of ageing. It is shown that while in most cases a probabilistic definition of age is sufficient, in some cases a calendaric definition must be added in order to preserve the ...
  • Stochastic simulation for budget prediction for large surface mines in the South African mining industry 
    Hager, J.; Yadavalli, Venkata S. Sarma; Webber-Youngman, R.C.W. (Southern African Institute of Mining and Metallurgy, 2015-06)
    This article investigates the complex problem of a budgeting process for a large mining operation. Strict adherence to budget infers that financial results align with goals. In reality, the budget is not a predetermined ...