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coal_dp_app's Introduction

BGSE Stochastic Modeling and Optimization Project: Coal Mining in Mozambique | DP Algorithm

Overview

Motivation:

This project is inspired by a historical example of the surge in coal mining investment in Mozambique in the late 2000s'. This example uses this scenario as a backdrop for creating a dynamic programming algorithm to model the optimal behaviour of mining companies who are starting mining operations in Mozambique.

The objectives of this project are to:

  • Give insight into how dynamic programming can be used to optimise decision-making in sectors with depletable assets such as in mining.
  • Provide an app that can be used to forecast and simulate future output and revenue based on on a set of assumptions which can be modified by the user. The app is also useful for government officials who wish to have a better understanding of economic growth in the mining sector and the factors upon which it depends.

Structure

The repository is comprised of two main folders:

  • An 'app' folder which contains all files, including the data, that are needed to run the app
  • A 'code' folder which contains the DP algorithm code

Required packages

The R analysis relies on the following packages.

  • ggplot2
  • reshape2
  • Shiny
  • DT
  • markdown

Languages Used

  • R
  • LaTex
  • HTML/CSS

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