Analysis of alternatives for oil field development under uncertainty

Juan Guillermo Lazo Lazo, Alexandre Anozé Emerick, Dan Posternak, Thiago Souza Mendes Guimarães, Marco Aurélio Cavalcanti Pacheco, Marley Maria Bernardes Rebuzzi Vellasco

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


The objective of this area of the project was to develop the foundations of a modular system for alternatives analysis that would allow the integration of the models presently studied (models for investment alternatives, expansion options and options to invest in information). The system makes it possible to work with several different oil fields, where each field can have several investment alternatives and each investment alternative can, for example, present options to invest in information and options to invest in several expansion wells. Technical uncertainties are represented by fuzzy numbers and the problem is solved by Monte Carlo simulation.

Original languageEnglish
Title of host publicationIntelligent Systems in Oil Field Development under Uncertainty
EditorsMarco A.C. Pacheco, Marley B.R. Vellasco
Place of PublicationHeidelberg
PublisherSpringer Berlin
Number of pages39
ISBN (Print)9783540929994
StatePublished - 2009
Externally publishedYes

Publication series

NameStudies in Computational Intelligence
ISSN (Print)1860-949X

Bibliographical note

Copyright 2009 Elsevier B.V., All rights reserved.


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