Isn't bigger always better?

CIM Vancouver 2006
Abstract Project managers aim to maximise the NPV of their projects, but don't always appreciate the relationship between mine throughput, project value and the discount rate being used to evaluate their projects. Rate of production or throughput is perhaps one of the most crucial decisions a project manager must make, but if this choice is made arbitrarily, much effort may be spent on a feasibility study that does not optimise project value. Simple techniques are presented that project engineers and managers can use to home in on a production rate which will give their project the greatest chance of success.
Keywords: Throughput, Optimisation, Feasibility, Value
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