International Journal of Global Operations Research
Vol. 5 No. 2 (2024): International Journal of Global Operations Research (IJGOR)m May 2024

Calculation of Copper Production Failure Risk Level Based on Aggregate Loss Cost

Wijaya, Alvian Octa (Unknown)
Thufeil Rafi, Muhammad (Unknown)

Article Info

Publish Date
27 May 2024

Abstract

In its implementation, the copper manufacturing industry often faces various risks, one of which is the risk of production failure. This research aims to calculate the level of risk of factory failure in producing copper based on aggregate loss costs. Quantitative methods were used in this research. It calculates the failure frequency, which follows a Poisson distribution, the loss distribution, which follows an exponential distribution function, and the total loss amount.

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Journal Info
International Journal of Global Operations Research
Website

Abbrev

ijgor

Publisher

Indonesian Operations Research Association

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

Description

International Journal of Global Operations Research (IJGOR) is published 4 times a year and is the flagship journal of the Indonesian Operational Research Association (IORA). It is the aim of IJGOR to present papers which cover the theory, practice, history or methodology of OR. However, since OR is ...