Study on the component of mineral resource value based on system dynamics

This paper is proposed that value of mineral resource refers to the human labor after analyzing the system of mineral resource value. The emphasis of this study lies in the establishment of the framework of mineral resource value. The system of mineral resource value is composed of three subsystems of natural value,recognition value and exploration value. Based on the methods of system dynamics, the author drew system flow diagrams and system feedback diagrams using the vensim software, and built a mathematical model of the component of mineral resource value.