I would rather be vaguely right than precisely wrong: A new approach to decision making in the petroleum exploration and production industry

AAPG Bulletin ◽  
2008 ◽  
Vol 92 (10) ◽  
pp. 1373-1392 ◽  
Author(s):  
Reidar B. Bratvold ◽  
Steve H. Begg
Keyword(s):  
Decision Making ◽  
Petroleum Exploration ◽  
New Approach ◽  
Exploration And Production ◽  
Production Industry

LEGAL DEVELOPMENTS IN 2000

2001 ◽  
Vol 41 (2) ◽  
pp. 73
Author(s):  
J. Fahey ◽  
D. Perks
Keyword(s):  
Biodiversity Conservation ◽  
Competition Policy ◽  
South Australia ◽  
Petroleum Exploration ◽  
Environment Protection ◽  
Paper Briefly ◽  
Work Program ◽  
The Past ◽  
Exploration And Production ◽  
Production Industry

This paper briefly describes a number of legal developments in 2000 which may be of significance to participants in the petroleum exploration and production industry.There has been a number of varied legal developments in this field during the past year, and this paper is not an exhaustive account of all of them. Instead, an attempt has been made to provide an overview of selected developments during 2000 which are noteworthy. With this mind, this paper deals with the following matters:prospective East Timorese independence and the Timor Gap Treaty (focussing on practical arrangements);changes to the work program bidding system;commencement of the Petroleum (Submerged Lands) Legislation Amendment Act No 1 2000 (Cth);review of federal and state petroleum (submerged lands) legislation against competition policy principles;commencement of the Environment Protection and Biodiversity Conservation Act 1999 (Cth);reform of petroleum legislation in South Australia and Queensland; andgreenhouse reforms.In respect of the matters noted above, we have attempted to outline the implications for participants in the petroleum exploration and production industry.

scholarly journals Decision-Making Process under Uncertainty in International Investments in Petroleum Exploration and Production: Multicriteria Approach

2007 ◽  
Vol 25 (5) ◽  
pp. 339-356 ◽  
Author(s):  
Lucio Guido Tapia Carpio ◽  
Marcus Vinicius Margueron
Keyword(s):  
Decision Making ◽  
Petroleum Exploration ◽  
Decision Making Process ◽  
International Investments ◽  
Political Risks ◽  
Multi Attribute Utility Theory ◽  
Exploration And Production ◽  
International Projects ◽  
First Time

This paper intends to present a contribution to the development of techniques of decision-making in international projects of exploration and production of petroleum. A case study of the Multi-Attribute Utility Theory (MAUT) was developed and applied to define priorities among ten offshore exploration investment opportunities around the world offered to a Brazilian petroleum multinational company, according to decision-makers' preferences. The MAUT model proposed shows for the first time a combination of operational, political and technological risks, resulting in a quite complete formulation to describe quantitatively the decision-making process. It is important to emphasize that this paper presents an unpublished model to evaluate political risks whose detailed analysis is currently of extreme importance for international investments in petroleum projects.

ACRIPPER: A New Associative Classification Based on RIPPER Algorithm

2021 ◽  
Vol 20 (01) ◽  
pp. 2150013
Author(s):  
Mohammed Abu-Arqoub ◽  
Wael Hadi ◽  
Abdelraouf Ishtaiwi
Keyword(s):  
Decision Making ◽  
Class Imbalance ◽  
The Other ◽  
Associative Classification ◽  
Rule Based ◽  
New Approach ◽  
New Novel ◽  
Accuracy Measure ◽  
High Level ◽  
Substantial Interest

Associative Classification (AC) classifiers are of substantial interest due to their ability to be utilised for mining vast sets of rules. However, researchers over the decades have shown that a large number of these mined rules are trivial, irrelevant, redundant, and sometimes harmful, as they can cause decision-making bias. Accordingly, in our paper, we address these challenges and propose a new novel AC approach based on the RIPPER algorithm, which we refer to as ACRIPPER. Our new approach combines the strength of the RIPPER algorithm with the classical AC method, in order to achieve: (1) a reduction in the number of rules being mined, especially those rules that are largely insignificant; (2) a high level of integration among the confidence and support of the rules on one hand and the class imbalance level in the prediction phase on the other hand. Our experimental results, using 20 different well-known datasets, reveal that the proposed ACRIPPER significantly outperforms the well-known rule-based algorithms RIPPER and J48. Moreover, ACRIPPER significantly outperforms the current AC-based algorithms CBA, CMAR, ECBA, FACA, and ACPRISM. Finally, ACRIPPER is found to achieve the best average and ranking on the accuracy measure.

How Persons with Intellectual Disabilities Are Fighting for Decision-Making Rights

2022 ◽  
Vol 121 (831) ◽  
pp. 30-35
Author(s):  
Chester A. Finn ◽  
Matthew S. Smith ◽  
Michael Ashley Stein
Keyword(s):  
Decision Making ◽  
Intellectual Disability ◽  
United Nations ◽  
Intellectual Disabilities ◽  
Legal Capacity ◽  
Disability Rights ◽  
Persons With Disabilities ◽  
New Approach ◽  
The United Nations

Paternalistic attitudes about what is in the interests of a person with an intellectual disability have long led to abuses, and are embedded in the guardianship laws still in place in most countries. Self-advocates, who identify as people with intellectual or other disabilities and are committed to demanding their rights and educating others about them, are calling for a new approach. They have found support for reforms in the Convention on the Rights of Persons with Disabilities, adopted by the United Nations in 2006 and since acceded to by 182 countries. By supporting the fundamental right of those with disabilities to make decisions, it has enabled disability rights advocates to successfully challenge legal capacity restrictions and push for “supported decision-making.”

Real-Time Robot Capability Analysis

2005 ◽  
Author(s):  
Chalongrath Pholsiri ◽  
Chetan Kapoor ◽  
Delbert Tesar
Keyword(s):  
Decision Making ◽  
Path Planning ◽  
Real Time ◽  
Computationally Efficient ◽  
New Approach ◽  
Ellipsoid Method ◽  
Capability Analysis ◽  
Computationally Intensive ◽  
Planar Robots

Robot Capability Analysis (RCA) is a process in which force/motion capabilities of a manipulator are evaluated. It is very useful in both the design and operational phases of robotics. Traditionally, ellipsoids and polytopes are used to both graphically and numerically represent these capabilities. Ellipsoids are computationally efficient but tend to underestimate while polytopes are accurate but computationally intensive. This article proposes a new approach to RCA called the Vector Expansion (VE) method. The VE method offers accurate estimates of robot capabilities in real time and therefore is very suitable in applications like task-based decision making or online path planning. In addition, this method can provide information about the joint that is limiting a robot capability at a given time, thus giving an insight as to how to improve the performance of the robot. This method is then used to estimate capabilities of 4-DOF planar robots and the results discussed and compared with the conventional ellipsoid method. The proposed method is also successfully applied to the 7-DOF Mitsubishi PA10-7C robot.

scholarly journals Decision making in reverse logistics using system dynamics

2004 ◽  
Vol 14 (2) ◽  
pp. 259-272 ◽  
Author(s):  
P. Georgiadis ◽  
D. Vlachos
Keyword(s):  
Decision Making ◽  
System Dynamics ◽  
Reverse Logistics ◽  
Closed Loop ◽  
System Modeling ◽  
New Approach ◽  
Helpful Tool ◽  
Starting Point ◽  
Decision Making Tool

Reverse logistics is a modern field of consideration, research and study, providing helpful information on the operation of the closed-loop supply chain. Although the starting point of this field is traced back to the early 90?s, no standard method has been suggested, neither prevailed. The purpose of this paper is to introduce a new approach on the study of reverse logistics. It is actually a review on how System Dynamics (SD) can be a helpful tool when it is used in the reverse logistics field. The paper explains the basic theory of the system modeling and next it utilizes the reverse logistics model. Finally, an illustrative example shows how SD modeling can be used to produce a powerful long-term decision-making tool.

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