Improving Sequential Decisions – Efficiently Accounting for Future Learning
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DOI: 10.1016/j.petrol.2021.108770
Abstract: Abstract In sequential field development planning, past decisions not only directly affect the maximum achievable expected NPV but also influence the future information that can be used to reduce geological uncertainty. To act optimally, when… read more here.
Keywords: key observations; optimal strategy; reservoir; uncertainty ... See more keywords