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Value of Information and Flexibility

von Gbenga F. Oluyemi und Martin J. Vilela
Softcover - 9783030869915
90,94 €
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Hardcover - 9783030869885
128,39 €

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Hardcover - 9783030869885
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Beschreibung

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.


Making Decisions Under Uncertainties

Making Decisions Under Uncertainties

Details

Verlag Springer International Publishing
Ersterscheinung 22. Oktober 2022
Maße 23.5 cm x 15.5 cm
Gewicht 464 Gramm
Format Softcover
ISBN-13 9783030869915
Seiten 280

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