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There's nothing more persuasive than empirical evidence. After six successful editions, adoptions by many of the best institutions, and use by students everywhere, Statistics for Business and Economics is a proven performer. Now in its seventh edition, with many new real data examples and problems, this text clearly delivers the best conceptual introduction to statistics for business and economics. Noted for its problem-scenario approach and liberal use of examples and exercises, Statistics for Business and Economics helps students see the practical impact of statistics for managers and analysts.
This book explores methods for managing uncertainty in reservoir characterization and optimization. It covers the fundamentals, challenges, and solutions to tackle the challenges made by geological uncertainty. The first chapter discusses types and sources of uncertainty and the challenges in different phases of reservoir management, along with general methods to manage it. The second chapter focuses on geological uncertainty, explaining its impact on field development and methods to handle it using prior information, seismic and petrophysical data, and geological parametrization. The third chapter deals with reducing geological uncertainty through history matching and the various methods used, including closed-loop management, ensemble assimilation, and stochastic optimization. The fourth chapter presents dimensionality reduction methods to tackle high-dimensional geological realizations. The fifth chapter covers field development optimization using robust optimization, including solutions for its challenges such as high computational cost and risk attitudes. The final chapter introduces different types of proxy models in history matching and robust optimization, discussing their pros and cons, and applications. The book will be of interest to researchers and professors, geologists and professionals in oil and gas production and exploration.
· 2024
This report presents an analysis of how U.S. competitors and adversaries--China, Russia, and Iran--could attempt to exploit climate-related conflict in the U.S. Central Command area of responsibility in future decades.
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· 2024
Although the benefits of digital engineering might not be immediately apparent in terms of cost savings or schedule reduction, survey results indicate that it has the potential to provide significant long-term benefits to defense acquisition.
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