Oil Shale, Vol.20, No.2, 135-142, 2003
Oil shale in Estonian power industry
The purpose of this stud), was to create a simple mathematical model to describe as well as possible the structure of a mining enterprise. The model differs front previous ones in some methodical complements and describes better the current situation in the oil shale industry. In the model expenses are divided into variable and fixed costs for each mining enterprise. Several calculations have been made to optimize sale of oil shale for both power industry and oil producers.