Decision analysis provides a logical, consistent way to evaluate decisions under uncertainty. This book is oriented toward petroleum exploration decisions such as data acquisition, drilling a... This description may be from another edition of this product.
I took this short course (it was called Decision Methods for Petroleum Exploration) in 1970, in Brighton, England. The book still reflects most of the concepts I learnt at the time by Paul Newendorp and is enrichened with the updates by John Schuyler. It is still a masterpiece. I recommend that John, in the next edition, expand a bit more on the Monte Carlo Simulation showing the actual illustrated sequence of computerized events to arrive at the EMV chart.
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