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USGS · 70026057

Statistical, economic and other tools for assessing natural aggregate

J. D. Bliss·P. R. Moyle·K. S. Bolm
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Abstract

Quantitative aggregate resource assessment provides resource estimates useful for explorationists, land managers and those who make decisions about land allocation, which may have long-term implications concerning cost and the availability of aggregate resources. Aggregate assessment needs to be systematic and consistent, yet flexible enough to allow updating without invalidating other parts of the assessment. Evaluators need to use standard or consistent aggregate classification and statistic distributions or, in other words, models with geological, geotechnical and economic variables or interrelationships between these variables. These models can be used with subjective estimates, if needed, to estimate how much aggregate may be present in a region or country using distributions generated by Monte Carlo computer simulations.

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J. D. Bliss, P. R. Moyle, K. S. Bolm. 2003. Statistical, economic and other tools for assessing natural aggregate. https://doi.org/10.1007/s10064-002-0152-7

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