Optimizing the management of natural resources
Natural resources, like forests, minerals and fossil fuels; and renewable resources, such as water and agriculture, are vital to Canada’s economy. However, management of these resources is made difficult by the many stakeholders and decision-makers involved in their development. These stakeholders often have divergent goals and use varying planning processes.
The development of natural resources typically involves large, long-term investments and considerable volumes of raw materials and products. Unfortunately, the processes involved in resource development often include uncertain information and data.
Dr. Mikael Rönnqvist, Canada Research Chair in Operations Research in Natural Resources, has developed advanced analysis and decision-making support tools for the forest and petroleum industries in countries from Canada to New Zealand. The tools successfully combine theoretical development with industrial implementation.
Rönnqvist is now integrating knowledge from several industrial areas in natural resources to develop additional innovative and advanced decision-support and planning tools.
Rönnqvist’s research will enable Canada’s natural resource industry and its value chains and logistic operations to become sustainable and efficient. It will also help the natural resource industry meet its social, economic and environmental goals and requirements.