Fuzzy logic applied to value of information assessment in oil and gas projects

Abstract The concept of value of information (VOI) has been widely used in the oil industry when making decisions on the acquisition of new data sets for the development and operation of oil fields. The classical approach to VOI assumes that the outcome of the data acquisition process produces crisp...

Full description

Bibliographic Details
Main Authors: Martin Vilela, Gbenga Oluyemi, Andrei Petrovski
Format: Article
Language:English
Published: SpringerOpen 2019-07-01
Series:Petroleum Science
Subjects:
Online Access:http://link.springer.com/article/10.1007/s12182-019-0348-0