... the value of having decision flexibility. All of them depend in one way or another on the revelation of additional information as the project progresses. If there will be no additional learning, then the value of flexibility for the decision makers is reduced to scale considerations and the time value...

... The recently developed SUMIC technique enables the acquisition of high-quality shear wave data at the seabed. The additional information provided by the shear waves makes it easier to infer accurate geological information about the subsurface. The avai/abi/ity of shear wave data enhances the reliability...

... INTRODUCTION The purpose of this paper is to explain and demonstrate how statistical decision theory can be used to determine the optimal level of structural capacity for a proposed offshore platform. This type of analysis can be used to decide whether additional information concerning...