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.
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.
![Value of Information and Flexibility: Making Decisions Under Uncertainties](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Value of Information and Flexibility: Making Decisions Under Uncertainties
280![Value of Information and Flexibility: Making Decisions Under Uncertainties](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Value of Information and Flexibility: Making Decisions Under Uncertainties
280Paperback(1st ed. 2022)
Product Details
ISBN-13: | 9783030869915 |
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Publisher: | Springer International Publishing |
Publication date: | 10/21/2021 |
Series: | Petroleum Engineering |
Edition description: | 1st ed. 2022 |
Pages: | 280 |
Product dimensions: | 6.10(w) x 9.25(h) x (d) |