Decisions Involving Uncertainty : An @RISK Tutorial for the Petroleum Industry James A. Murtha

ISBN: 9781893281028

Published: August 1st 2000

Paperback

150 pages


Description

Decisions Involving Uncertainty : An @RISK Tutorial for the Petroleum Industry  by  James A. Murtha

Decisions Involving Uncertainty : An @RISK Tutorial for the Petroleum Industry by James A. Murtha
August 1st 2000 | Paperback | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 150 pages | ISBN: 9781893281028 | 5.69 Mb

A great extension of Dr. Murthas highly successful seminars on the use of @RISK in the petroleum industry. You start with 2 chapters to get up to speed on the philosophy of risk analysis and the requisite principles in probability, statistics, andMoreA great extension of Dr.

Murthas highly successful seminars on the use of @RISK in the petroleum industry. You start with 2 chapters to get up to speed on the philosophy of risk analysis and the requisite principles in probability, statistics, and Monte Carlo simulation. Following are the basic steps you’d take to actually build, run, and interpret results for a real risk analysis model in @RISK. To make it as hands-on as possible, Dr. Murtha includes lots of petroleum examples - an accompanying CD includes all these examples pre-built in Excel worksheets. Volumetric reserves, exponential decline, porosity and water saturation, waterflood prospect, and competitive bidding are some of the examples.

This is a rare offering in that youll learn about the concepts of risk analysis while also getting some very solid hands-on experience with risk analysis modelling in @RISK 4.0. A trial version of @RISK 4.0 is also included!



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