Time value of money: Thermodynamic assessment of explosives for rockblasting

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Money tomorrow is not as valuable as money today. 

Given the choice of having the same amount of money in the future or right now, everyone would prefer to have it now. Money to be received in the future might not materialize. Even if there was no such risk, money is still worth more if it is available for use now. If it is available now, the opportunity set of possible uses for the money is as road as possible. If the money won't be available until sometime in the future, then the opportunity set is limited to a smaller subset of this first set. Maximum freedom to choose is always worth something--particularly in more uncertain environments. Therefore, money to be received in the future must include a premium if it is to be thought of as being equivalent to money today. Future cash flows (i.e., money) must be discounted to be compared with cash flows in the present.

In this context, it is prudent to use simulation models like TIGER CODE, CHEETAH, and GPENG CODE to reap benefits by the use of the right kind of explosives for rock blasting operations and mining activities.







Comments

  1. Ks Choudhury4 March 2021 at 08:20

    Highly valuable for high energy physics applicale to diverse areas.

    ReplyDelete

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