TrueREALISM is a planning, economic decision making optimization
software. A mining industry version undergoing commercialization.
It delivers on the ultimate, consistent,
traceable, and most importantly true realistic
decision by concurrently maximizing the NPV,
maximizing life and minimizing risk for the
remainder of a deposit.
It has the most intriguing user interface,
with bi-directional wizards and an invisible
assistant called Hanz.
A first time user may not require a user manual or training, thanks
to Hanz and his entourage wizards, therefore
zero lead-time to productivity and a huge
cost savings for potential users of this
Quite naturally, first time users will be
slow, admiring the interfaces, and finding
and getting used to where command buttons
It is a hybrid keyword for PARETO OptiMIZATION and is pioneered here as the
end-to-end singular solution in realistic
decision making.- In this instance, life-of-mine staged
cutoff grade and production rate combinations
for maximum NPV, LIFE, and minimum RISK-we
need to be cautious about
any other methodology that may make similar claims. We are looking for
optimization that is achieved with all objectives at one breath
(concurrently). Post optimization adjustments or penalties are not truly real
and tend to distort the original realistic problem. PARETOMIZATION extends Pareto Optimization
by incorporating SIMULATION and PREFERRED DECISION-MAKING to form one single end-to-end process,
PARETOMIZATION = PARETO OPTIMIZATION +
Paretomization was introduced to the mining industry in
1990 by Dr. Paul B. Appiah, the founder and Managing Director of Appiah
& Associates International. Numerous publications have followed after the initial introduction.
There has been some development work since,
which has resulted in the release of
TrueREALISM . A search in the mining directory's search engine
reveals this site.