Value of Information and Flexibility: Making Decisions Under Uncertainties

By Martin J. Vilela and Gbenga F. Oluyemi

Book Overview

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.

• Format: Hardcover
• Language: English
• ISBN: 3030869881
• ISBN13: 9783030869885
• Release Date: October 2021
• Publisher: Springer
• Length: 280 Pages
• Weight: 1.33 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"