Portfolio Decision Analysis
Portfolio Decision Analysis

Author: Ahti Salo

Publisher: Springer Science & Business Media

Published: 2011-08-12

Total Pages: 410

ISBN-13: 1441999434

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Portfolio Decision Analysis: Improved Methods for Resource Allocation provides an extensive, up-to-date coverage of decision analytic methods which help firms and public organizations allocate resources to 'lumpy' investment opportunities while explicitly recognizing relevant financial and non-financial evaluation criteria and the presence of alternative investment opportunities. In particular, it discusses the evolution of these methods, presents new methodological advances and illustrates their use across several application domains. The book offers a many-faceted treatment of portfolio decision analysis (PDA). Among other things, it (i) synthesizes the state-of-play in PDA, (ii) describes novel methodologies, (iii) fosters the deployment of these methodologies, and (iv) contributes to the strengthening of research on PDA. Portfolio problems are widely regarded as the single most important application context of decision analysis, and, with its extensive and unique coverage of these problems, this book is a much-needed addition to the literature. The book also presents innovative treatments of new methodological approaches and their uses in applications. The intended audience consists of practitioners and researchers who wish to gain a good understanding of portfolio decision analysis and insights into how PDA methods can be leveraged in different application contexts. The book can also be employed in courses at the post-graduate level.

Decision and Prediction Analysis Powered With Operations Research
Decision and Prediction Analysis Powered With Operations Research

Author: Bubevski, Vojo

Publisher: IGI Global

Published: 2024-07-16

Total Pages: 298

ISBN-13:

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Organizations today face complex decisions and uncertainties that can have a profound impact on their financial stability and strategic direction. Traditional decision-making methods often fall short when it comes to addressing multifaceted issues like financing, product manufacturing, and facility location. These challenges demand a robust framework that quantifies factors, assesses risks, and provides optimal solutions. Without advanced tools and techniques, businesses are at risk of making uninformed decisions that could lead to significant financial losses and missed opportunities. The urgency to equip yourself with these tools is clear. Decision and Prediction Analysis Powered With Operations Research offers a comprehensive solution to these challenges. This book integrates operations research techniques to reframe and solve complex business problems. It provides a detailed exploration of decision analysis tools, such as influence diagrams and decision trees, which help visualize and assess various decision scenarios. By applying these tools, organizations can better understand uncertainties, evaluate risks, and make decisions that maximize expected utility and achieve strategic objectives.

Novel Six Sigma Approaches to Risk Assessment and Management
Novel Six Sigma Approaches to Risk Assessment and Management

Author: Bubevski, Vojo

Publisher: IGI Global

Published: 2017-07-12

Total Pages: 290

ISBN-13: 1522527044

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The progression of risk management techniques provides the crucial applications and benefits to all of society. By analyzing the current trends and techniques used to assess and mitigate risks, safer processes can be used for all professional fields, as well as society as a whole. Novel Six Sigma Approaches to Risk Assessment and Management is a vital scholarly resource that provides an in-depth examination on innovative Six Sigma methods for risk mitigation initiatives. Featuring an array of relevant topics such as project management, production scheduling, information systems security, and agricultural planning, this is an ideal reference book for professionals, academicians, students, and researchers interested in detailed research on recent advancements in the management of risk in all fields.

Petroleum Economics and Risk Analysis
Petroleum Economics and Risk Analysis

Author: Mark Cook

Publisher: Elsevier

Published: 2021-01-29

Total Pages: 368

ISBN-13: 0128232064

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Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. - Includes case studies and full color illustrations for practical application - Arranged to reflect lifecycle structure, from exploration through to decommissioning - Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry

Computing Risk for Oil Prospects: Principles and Programs
Computing Risk for Oil Prospects: Principles and Programs

Author: J.W. Harbaugh

Publisher: Elsevier

Published: 1995-11-22

Total Pages: 467

ISBN-13: 008052950X

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The petroleum industry is enduring difficult financial times because of the continuing depressed price of crude oil on the world market. This has caused major corporate restructuring and reductions in staff throughout the industry. Because oil exploration must now be done with fewer people under more difficult economic constraints, it is essential that the most effective and efficient procedures be used. Computing Risk for Oil Prospects describes how prospect risk assessment — predicting the distribution of financial gains or losses that may result from the drilling of an exploration well — can be done using objective procedures implemented on personal computers. The procedures include analyses of historical data, interpretation of geological and geophysical data, and financial calculations to yield a spectrum of the possible consequences of decisions. All aspects of petroleum risk assessment are covered, from evaluating regional resources, through delineating an individual prospect, to calculation of the financial consequences of alternative decisions and their possible results. The bottom lines are given both in terms of the probable volumes of oil that may be discovered and the expected monetary returns. Statistical procedures are linked with computer mapping and interpretation algorithms, which feed their results directly into routines for financial analysis. The programs in the included library of computer programs are tailored to fit seamlessly together, and are designed for ease and simplicity of operation. The two diskettes supplied are IBM compatible. Full information on loading is given in Appendix A - Software Installation. Risk I diskette contains data files and executables and Risk 2 diskette contains only executables. The authors contend that the explorationist who develops a prospect should be involved in every facet of its analysis, including risk and financial assessments. This book provides the tools necessary for these tasks.

Education and Training for the Oil and Gas Industry: Case Studies in Partnership and Collaboration
Education and Training for the Oil and Gas Industry: Case Studies in Partnership and Collaboration

Author: Phil Andrews

Publisher: Elsevier

Published: 2014-05-06

Total Pages: 145

ISBN-13: 012800990X

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Volume 1: Education and Training for the Oil and Gas Industry: Case Studies in Partnership and Collaboration highlights, for the first time, 8 powerful case studies in which universities, colleges and training providers are working with oil companies to produce capable, competent people. This essential companion in our series illustrates not only the carefully researched details of the partnerships and collaborative activities, but also offers commentary on each of the cases from Getenergy's decade of experience in uniting universities, colleges, training providers and the upstream oil and gas industry on a global basis. - Edited by Getenergy's Executive Team which—for more than a decade—has uniquely specialized in mapping and connecting the world of academia and learning with the upstream oil and gas industry through events and workshops around the globe. - Detailed research into the key facts surrounding each case with analysis to enable readers to quickly and effectively extract the lessons and apply to a variety of challenges in building oil/gas workforce capacity. - Highlights the business lessons for universities, colleges and training providers from collaborative working to support skills projects for major companies where demand is greatest. - Includes full colour images and partnership diagrams' to underscore key concepts - Offers a unified and universal case study rating mechanism in which readers can participate on-line to be part of this important and varied community.

Economic Risk in Hydrocarbon Exploration
Economic Risk in Hydrocarbon Exploration

Author: Ian Lerche

Publisher: Elsevier

Published: 1999-01-08

Total Pages: 421

ISBN-13: 0080505007

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Economic Risk in Hydrocarbon Exploration provides a total framework for assessing the uncertainties associated with exploration risk from beginning to end. Numerous examples with accompanying microcomputer algorithms illustrate how to quantitatively approach economic risk. The text compares detailed assumptions and models of economic risk, and presents numerical examples throughout to facilitate hands-on calculations using popular spread-sheet packages on personal computers. - Covers economic risk from exploration through production models - Brings methods to a level where all can be done on a PC - Analyzes numerical examples from the real world - Removes "mystery" from how economics is done - Addresses assumptions in models and shows how they influence projections