Example 80.1 Simulation and Economic Feasibility

You can use simulations to investigate the expected behavior of a stochastic process. Simulations with PROC SIM2D can indicate spatial characteristics in your study that might be important for decision making or general assessment. The present example and the one in section Risk Analysis with Simulation are two instances of this type of analysis in different fields.

Continuing with the coal seam thickness example from the section Getting Started: SIM2D Procedure, this example asks a rather complicated question of economic nature. For illustration, an (approximate) answer is provided, which requires the use of simulation.