Managing Earth natural Resources
The Earth's resources are natural, not manufactured. Managing them means turning chance into profit and sustainability.
The management of an Earth natural resource consists of a succession of operational decisions made about it, from the exploration and assessment phases through to development, production and monitoring.
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The decision cycle is always the same throughout the life of a project, regardless of the resource.
The “Earth Resource Management Cycle“ illustrates the centrality of UNCERTAINTY in the management of any Earth Resource...
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The impact of UNCERTAINTY is economic because it always means an economic LOSS...
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The challenge of UNCERTAINTY is technical because it is a matter of correctly anticipating this LOSS and MINIMIZING it...
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A mathematical solution to this problem is to use probabilistic models such as those developed by Professor G. Matheron in the second half of the 20th century...
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Long neglected because of their high cost of calculation, the advent of the digital era and artificial intelligence makes them fully relevant today under the name of Earth Intelligence....
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