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Value of Information and Flexibility: Making Decisions Under Uncertainties

Value of Information and Flexibility: Making Decisions Under Uncertainties

Hardcover

Series: Petroleum Engineering

Business GeneralManagementTechnology & Engineering

ISBN10: 3030869881
ISBN13: 9783030869885
Publisher: Springer Nature
Published: Oct 21 2021
Pages: 280
Weight: 1.33
Height: 0.69 Width: 6.14 Depth: 9.21
Language: English

Chapter 1. Decision-making: Concepts, Principles, and Uncertainty.- Chapter 2. Utility Theory.- Chapter 3. Probability.- Chapter 4. Probabilistic Evaluation of Uncertainties: Monte Carlo Method.- Chapter 5. Assessing the Importance of the Uncertainties: Design of Experiments.- Chapter 6. Fuzzy Logic.- Chapter 7. Uncertainty, data acquisition and Value of Information.- Chapter 8. The value of flexibility - Real Options.- Chapter 9. Case studies for the Value of Information and Flexibility in the oil and gas industry.

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Vilela, Martin J.

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Technology & Engineering