Development and analysis of DCF computer models for EEZ marine mining

Author

Gillvray, Timothy J Mac

Author_Institution

US Miner. Manage. Service, Vienna, VA, USA

fYear

1988

fDate

31 Oct-2 Nov 1988

Firstpage

262

Abstract

With the 1983 presidential proclamation establishing the US Exclusive Economic Zone (EEZ), the US Department of the Interior´s Minerals Management Service (MMS) was given the task of promulgating development of nonenergy solid minerals offshore (for example, cobalt-rich manganese, titanium, phosphorites, placers). The author focuses on initial formulation and analysis of computer models that incorporate discount cash flow (DCF) methodology, to be used by MMS as a tool to assist in determination of estimated fair market value for a variety of nonenergy marine minerals in the federal EEZ. Review, examination, and several man-month periods of testing the computer models described have been conducted. Several models appear promising

Keywords

digital simulation; economics; minerals; mining; DCF computer models; EEZ marine mining; Minerals Management Service; US Exclusive Economic Zone; cobalt-rich manganese; discount cash flow; fair market value; federal EEZ; nonenergy marine minerals; nonenergy solid minerals offshore; phosphorites; placers; titanium; Computer industry; Geology; Manganese; Minerals; Mining industry; Oceans; Petroleum; Power generation economics; Shipbuilding industry; Solids; Testing; Titanium;

fLanguage

English

Publisher

ieee

Conference_Titel

OCEANS '88. A Partnership of Marine Interests. Proceedings

Conference_Location

Baltimore, MD

Type

conf

DOI

10.1109/OCEANS.1988.23509

Filename

23509