The Method of Assessing and Substantiating the Influence of Factors’ Groups on the Reproduction of Mineral Resource Base

Abstract

Abstract Mineral resources potential is the basis for a sustainable and balanced development of the modern economy in the case of its rational and integrated use across the entire spectrum of the diversity of minerals’ types represented. The method of estimating and substantiating the influence of groups of factors on the reproduction of mineral and raw material base is considered, consisting in the formation of an additive mathematical model for the reproduction of the mineral resource base, consisting of factors selected as a result of a two-stage ranking, and designed to analyze the influence of factors on the resulting integral index. As a result, a mathematical model was created that allows to assess and justify the influence of groups of factors on the reproduction of the mineral and raw materials base. The introduction of this methodology in practice will contribute to improve the management effectiveness of the mineral and raw materials complex, the formation of cluster economic structures on the territory of regions that are built taking into account the existing natural and mineral and raw materials potentials that are locomotives for the development of regional economy.