Prognoz implements operating planning tool for ERG

13 May 2016

Prognoz has implemented an operations and investment planning model for Eurasian Resources Group (ERG), one of the world's leading diversified mining and smelting groups.

With this advanced IT tool, ERG will streamline all data handling procedures, from collection and processing to delivery, storage, representation, and analysis of industry-specific statistics as well as the corporate data required for model calculations. In addition, the tool’s multistage, automated data approval procedure will follow data from individual entry to executive review.

The model comes complete with a set of useful options for identifying inconsistencies in reports by division and correcting inaccuracies during the data collection stage.

The tool will enable ERG to perform mathematical calculations for planning enterprise operations and creating an optimal production and investment program for the group and its divisions over a ten-year planning horizon, including plans for sales, production, repair activities, investment projects, and commodities and raw materials consumption.

ERG specialists can solve a variety of optimal control tasks by defining the planned output for each plant and create an optimal investment program with the most profitable projects. Not only does the model assess each individual investment project, but it also predicts the global impact of the group's investment program as a whole. The implemented solution will help ERG reach positive balance of its economic, production, and technological indicators.

ERG is one of the world’s leading diversified mining and smelting groups, with fully integrated mining, processing, energy production, logistics, and marketing operations.