RAW2020: How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn

https://2020.riskawarenessweek.com/talks/how-to-use-value-of-information-to-improve-the-decision-policy-in-oil-and-gas/ This live Excel presentation will demonstrate how to: frame a Value of Imperfect Information evaluation of a drilling problem, quantify the frame in a risk model (SIPmath) using continuous variables, solve the problem frame using simulation to establish the decision policy and explain how we reduce downside and possibly increase the upside. We will… Continue reading RAW2020: How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn