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Titlebook: Value of Information and Flexibility; Making Decisions Und Martin J. Vilela,Gbenga F. Oluyemi Book 2022 The Editor(s) (if applicable) and T

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发表于 2025-3-21 16:15:33 | 显示全部楼层 |阅读模式
书目名称Value of Information and Flexibility
副标题Making Decisions Und
编辑Martin J. Vilela,Gbenga F. Oluyemi
视频video
概述Presents a reliable methodology for decision making under uncertain conditions.Explores the value of information and the value of flexibility in the process of making complex decisions.Provides numero
丛书名称Petroleum Engineering
图书封面Titlebook: Value of Information and Flexibility; Making Decisions Und Martin J. Vilela,Gbenga F. Oluyemi Book 2022 The Editor(s) (if applicable) and T
描述.This book presents a consistent methodology for making decisions under uncertain conditions, as is almost always the case. Tools such as value of information and value of flexibility are explored as a means to make more complex and nuanced decisions..The book develops the complete formalism for assessing the value of acquiring information with two novel approaches. Firstly, it integrates the fuzzy characteristics of data, and secondly develops a methodology for assessing data acquisition actions that optimize the value of projects from a holistic perspective. The book also discusses the formalism for including flexibility in the project decision assessment. Practical examples of oil- and gas-related decision problems are included and discussed to facilitate the learning process..This book provides valuable advice and case studies applicable to engineers, researchers, and graduate students, particularly in the oil and gas industry and pharmaceutic industry..
出版日期Book 2022
关键词Value of Information; Decision Making; Uncertainty; Decision Theory; Decision Analysis; Fuzzy Logic; Fuzzy
版次1
doihttps://doi.org/10.1007/978-3-030-86989-2
isbn_softcover978-3-030-86991-5
isbn_ebook978-3-030-86989-2Series ISSN 2366-2646 Series E-ISSN 2366-2654
issn_series 2366-2646
copyrightThe Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl
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Utility Theory,es and producing one average result; In this chapter, the need to incorporate the decision-maker’s risk attitude in the valuation process is introduced. We discuss the utility function for representing the decision-maker’s risk attitude and describe several risk attitude behaviours. The concept of a
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Probability and Inference Theory,ning the most important concepts of probability used later during the decision-making workflows. A section is dedicated to Bayes’ theorem, which is used later, in Chap. ., for developing the value of information assessment. Concepts of random sampling and statistical inference are also introduced fo
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Probabilistic Evaluation of Uncertainties: Monte Carlo Method,ainties in the variables (reservoir permeability, porosity, etc.) impact the future performance of the system (for example, a well’s oil rate) and, in general, the project valuation (oil price, material cost, etc.). Monte Carlo simulation is a procedure used to randomly account for uncertainties and
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Case Studies for the Value of Information and Flexibility in the Oil and Gas Industry,ng the decision maker’s risk attitude. The second case study shows an example of the value of flexibility in an oil development example. The third case study uses the design of experiments methodology to optimize the value of information assessment. Finally, the fourth case study incorporates the da
发表于 2025-3-23 06:23:12 | 显示全部楼层
Book 2022ormation and value of flexibility are explored as a means to make more complex and nuanced decisions..The book develops the complete formalism for assessing the value of acquiring information with two novel approaches. Firstly, it integrates the fuzzy characteristics of data, and secondly develops a
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