Making Good Decisions - Bratvold, Reidar B; Begg, Steve H.
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Making strategic and tactical decisions about your company's future - oil and gas field developments, selection drilling locations, initiating seismic and reservoir studies, company acquisitions and R&D investments - is often a complex process with highly uncertain outcomes and consequences. Knowing how to make good decisions is essential whether you are a decision maker or providing information to support decision makers. Making Good Decisions is based on commonly accepted best practices and underpinned by sound theory, stemming from the author's mix of industry and academic experience. It…mehr

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Produktbeschreibung
Making strategic and tactical decisions about your company's future - oil and gas field developments, selection drilling locations, initiating seismic and reservoir studies, company acquisitions and R&D investments - is often a complex process with highly uncertain outcomes and consequences. Knowing how to make good decisions is essential whether you are a decision maker or providing information to support decision makers. Making Good Decisions is based on commonly accepted best practices and underpinned by sound theory, stemming from the author's mix of industry and academic experience. It will help the reader to think clearly about complex and uncertain decision situations and explain such topics as decision-tree analysis, Monte Carlo simulation, value of information, and value of flexibility. This book is essential reading for technical professionals and managers alike - you might even find some good tips for making personal decisions.
Autorenporträt
Reidar B. Bratvold is a Professor of Petroleum Investment and Decision Analysis at the University of Stavanger, Norway. His research interests include decision analysis, representing and solving decision problems in the upstream oil and gas industry, valuation of risky projects, portfolio analysis, and behavioral challenges in decision making. Prior to entering academia, he spent 15 years in the industry in various technical and management roles. Bratvold is an associate editor for SPE Economics & Management and has twice served as an SPE Distinguished Lecturer. He was made a member of the Norwegian Academy of Technological Sciences for his work in petroleum investment and decision analysis. He holds a PhD in petroleum engineering and an MSc in mathematics both from Stanford University.