A decision method to evaluate oil and gas development systems

A decision method to evaluate oil and gas development systems

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Article ID: iaor2000504
Country: Italy
Volume: 27
Issue: 84
Start Page Number: 45
End Page Number: 58
Publication Date: Jan 1997
Journal: Ricerca Operativa
Authors: ,
Keywords: petroleum
Abstract:

In this paper we evaluate some possible systems for the development of oil and gas fields. To do this, economic indicators, such as profit, appear to be reductive for a correct selection of the system. The multiple criteria decision making theory refers to decisions in presence of many, usually conflicting, parameters. In our case it allows us to choose the best system by properly considering profit, reliability and innovation parameters. The result is a value ranking of all systems considered, thus allowing the decision maker to select the best.

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