Now showing items 1-3 of 3

  • Fuzzy data analysis methodology for the assessment of value of information in the oil and gas industry. 

    Vilela, Martin; Oluyemi, Gbenga Folorunso; Petrovski, Andrei (IEEE https://doi.org/10.1109/FUZZ-IEEE.2018.8491628, 2018-07-08)
    VILELA, M., OLUYEMI, G. and PETROVSKI, A. 2018. Fuzzy data analysis methodology for the assessment of value of information in the oil and gas industry. In Proceedings of the Institute of Electrical and Electronics Engineers (IEEE) International fuzzy systems conference 2018 (FUZZ-IEEE 2018), 8-13 July 2018, Rio de Janeiro, Brazil. Piscataway: IEEE [online], article ID 8491628. Available from: https://doi.org/10.1109/FUZZ-IEEE.2018.8491628
    To manage uncertainty in reservoir development projects, the Value of Information is one of the main factors on which the decision is based to determine whether it is necessary to acquire additional data. However, subsurface ...
  • A fuzzy inference system applied to value of information assessment for oil and gas industry. 

    Vilela, Martin; Oluyemi, Gbenga Folorunso; Petrovski, Andrei (Regional Association for Security and Crisis Management https://doi.org/10.31181/dmame1902001v, 2019-05-23)
    VILELA, M., OLUYEMI, G. and PETROVSKI, A. 2019. A fuzzy inference system applied to value of information assessment for oil and gas industry. Decision making: applications in management and engineering [online], Online First. Available from: https:// doi.org/10.31181/dmame1902001v
    Value of information is a widely accepted methodology for evaluating the need to acquire new data in the oil and gas industry. In the conventional approach to estimating the value of information, the outcomes of a project ...
  • Fuzzy logic applied to value of information assessment in oil and gas projects. 

    Vilela, Martin; Oluyemi, Gbenga Folorunso; Petrovski, Andrei
    VILELA, M., OLUYEMI, G. and PETROVSKI, A. [2019]. Fuzzy logic applied to value of information assessment in oil and gas projects. Petroleum science [online], (accepted).
    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 ...