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Keywords: project selection
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Journal Articles
Journal: SPE Journal
SPE J. 14 (02): 216–221.
Paper Number: SPE-107710-PA
Published: 31 May 2009
..., it is not well understood in the context of project selection by DMs. We present a solution method based on Bayesian updating and demonstrate its effectiveness in eliminating the disappointment in project selection with realistic data from oil exploration and production projects. 10 2 2007 19 4 2008...

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