Making Good Decisions

Reidar B. Bratvold and Steve H. Begg

Making strategic and tactical decision 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. This book is essential reading for technical professionals and managers alike - you might even find some good tips for making personal decisions!

Making Good Decisions Buy the book

Content

  • Decision making and uncertainty in the exploration and production industry
  • How to make good decisions
  • Quantifying uncertainty
  • Monte Carlo simulation
  • Structuring and solving decision problems
  • Creating value from uncertainty
  • Behavioral challenges in decision making