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Operations Research, Systems Engineering and Industrial Engineering Commons™
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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
The Relationship Between Perfect And Imperfect Information In A Risk-Sensitive Two-Action Problem, Eric Bickel
The Relationship Between Perfect And Imperfect Information In A Risk-Sensitive Two-Action Problem, Eric Bickel
Eric Bickel
No abstract provided.
Quantifying 3d Land Seismic Reliability And Value, J. Eric Bickel, Richard L. Gibson, Duane A. Mcvay, Stephen Pickering, John Waggoner
Quantifying 3d Land Seismic Reliability And Value, J. Eric Bickel, Richard L. Gibson, Duane A. Mcvay, Stephen Pickering, John Waggoner
Eric Bickel
Seismic data provide essential information for guiding reservoir development. Improvements in data quality hold the promise of improving performance even further, provided that the value of these data exceed their cost. Previous work has demonstrated value-of-information (VoI) methods to quantify the value of seismic data. In these examples, seismic accuracy was obtained via expert assessment instead of being based on geophysical quantities. The modeled seismic information was not representative of any quantity that would be observed in a seismic image. Here we apply a more general VoI model that includes multiple targets, budgetary constraints, and quantitative models relating post-stack seismic …