..., 2006 ) and described in the book "Fortune’s Formula" by Poundstone (2005) . strategic planning and management portfolio optimization investment Artificial Intelligence Upstream Oil & Gas decision support system Portfolio analysis Cozzolino method capital Kelly Criterion Kelly...

... The solution is comprised of three pillars which will be outlined in more detail below. Exploration Prospect Risk Assessment Exploration Prospect Value Assessment Exploration Portfolio Optimization Exploration Prospect Risk Assessment The first pillar in the solution is the exploration...

.... planning & scheduling Commodity Price cash flow portfolio optimization investment approximation oil price Scenario portfolio model strategic issue Artificial Intelligence Portfolio analysis constraint debt covenant downside exposure society of petroleum engineers integration...

... that are routinely reported is far more informative to decision makers or investors than the current practice of a single expected value. asset and portfolio management reserves evaluation Simulation Artificial Intelligence Upstream Oil & Gas prospective resource portfolio optimization portfolio...

... on the optimization of oil and gas portfolios, taking into consideration the risk of each project. A model has been developed to perform portfolio optimization using Markowitz's theory. In this study, portfolio optimization has been performed in the presence of different levels of overconfidence and directional bias...

... Portfolio analysis Artificial Intelligence Upstream Oil & Gas portfolio optimization asset investment solution asset and portfolio management business planning Implementation business planner society of petroleum engineers information asset development community Chevron project...

... exposure to risks. portfolio optimization constraint inventory decision support system Upstream Oil & Gas metric objective asset and portfolio management investment assessment consideration operational risk Scenario probability society of petroleum engineers Portfolio analysis...

... gas producer portfolio analysis deviation short position spe 162729 arbitrage opportunity portfolio optimization optimal portfolio producer weighting asset and portfolio management energy stock super major stock efficient frontier method lowest standard deviation variance covariance...

... constraints from the business unit down to the asset team. It will result in a more balanced and diversified portfolio and drive better decisions in the capital allocation process. project economics upstream oil & gas artificial intelligence portfolio optimization asset and portfolio management...

... engineers geoknowledge portfolio optimization resource fractile assumption spe 162911 exploration asset evaluation Introduction Modern geologists are at the forefront of probabilistic decision methods applications in evaluation of exploration assets. It took about one generation to move from...

... Abstract The process of portfolio optimization provides guidance to decision makers on how to manage an asset base given corporate objectives, market conditions, and organizational capability. Many applications in the oil and gas industry are based upon Markowitz’s efficient portfolio theory...

... 130172 npv portfolio optimization portfolio analysis Introduction One of the most important ideas in finance, pioneered by Markowitz (1999) , is the efficient frontier, showing how careful selection of an investment portfolio can minimize risk for a specified expected return. Oil and gas...

... centered on the methods to perform portfolio optimization. However, the greatest value added by portfolio optimization is not in the optimization itself, but on the use of the results as an aid to decision making. Unfortunately, little research has been done on this behalf. This paper proposes a new...

... information in project or asset evaluation, portfolio optimization, and competitive bidding. The premise of our approach to correct for optimizer's curse is straightforward enough, though implementing this method requires judging the population of evaluated projects—or at least assessing the shape...

... measures are compared, and contrasted with results of widely used ranking procedures that ignore risk. Energy Economics supply and demand forecasting asset and portfolio management market analysis Upstream Oil & Gas optimal portfolio NPV portfolio optimization portfolio deviation risk...

..., as well as those who grew organically over the last two decades. The article reports on a refined model framework and demonstrates its predictive abilities. reserve inventory size portfolio optimization asset and portfolio management indicator quadrant iii correlation inventory size inventory...

... , where r ¯ p and r ¯ f are the portfolio and risk-free returns and σ p is the portfolio return standard deviation. Portfolio optimization can become a search for the highest Sharpe Ratio. 15 Project Evaluation The portfolio evaluation shown here uses several...

... , these are: portfolio data cube constraint envelope efficient frontier frontier optimization problem upstream oil & gas asset and portfolio management portfolio optimization decision maker portfolio solution envelope npv efficient frontier analysis artificial intelligence portfolio analysis...

... variance rav strategic planning and management owi working interest risk tolerance country risk chance factor art rev evaluation portfolio optimization farminee pvf value uncertainty prospect evaluation parameter Introduction Decision-making theory states that when choosing between...

... portfolio analysis portfolio optimization recovery ring fence provision fiscal variable proper ring fencing ring fencing royalty license fencing ring fenced calculation project valuation Introduction Ring fence provisions are either directly or indirectly specified in every petroleum...