Of chance, uncertainty & randomness — Part 3: Applications & Mishaps

Gallery

In this three part series, I have attempted to explain Monte Carlo simulation and how it is used to evaluate uncertainty using a stochastic model. In Part 1, I explained the mechanics of the technique and then discussed distribution fitting, … Continue reading

Are you ready to make the transition from Gemcom to Geovia? What are the implications of the proposed acquisition of Gemcom?

Gallery

Last week, Gemcom Software International, Inc., which is privately held, announced an agreement with Dassault Systemes (FR:DSY) for Dassault to purchase Gemcom in an all cash transaction. This puts several mine planning tools (Surpac, Gems, Minex, Whittle and others) under … Continue reading