"A good science and engineering decision is a good business decision."
The brochure and course descriptions are PDF files
Decision analysis and books brochure
Petroleum Risks and Decision Analysis
Econ. Evaluation of Prospects & Producing Properties
Advanced Decision Analysis with Portfolio and
Project Modeling
. Course prerequisites
. Self-Assessment Quiz
Site Map
Go to Maxvalue Home Page
In ADA You Will Learn
ADA=Advanced Decision Analysis with Portfolio and Project Modeling
More Practice and Review
- Working with the four primary probability rules and three types of probabilities
- Modeling simple correlation between pay zones, related projects and similar situations
- Modeling and solving value of perfect and imperfect information problems
- Additional practice in developing models, especially with influence diagrams
More-Advanced Concepts
- Selecting distribution types, eliciting judgments, and biases affecting judgments
- Applying risk policy as a utility function
- Awareness of multi-attribute utility and multi-objective decision making
- Hands-on experience with example decision tree and Monte Carlo simulation software
- Basic real options concepts and example calculations
- Modeling competitive bidding
- Good modeling and documentation practice (especially with spreadsheets)
- Detailed portfolio modeling and optimization
- Emerging evaluation technologies: fuzzy sets, neural networks, expert systems, etc.
- Project modeling and project risk management
- Some accounting and finance concepts useful in modeling