Matches in SemOpenAlex for { <https://semopenalex.org/work/W1971297727> ?p ?o ?g. }
Showing items 1 to 68 of
68
with 100 items per page.
- W1971297727 abstract "Abstract This paper presents a method for economic resource allocation for additional data acquisition using the value of information concept. To apply it, the basic condition is that at decision time the available information does not describe conclusively the state of nature. Consequently, the new information might lead to a change in the decision to be made because it has the ability to modify positively the prior perception about the state of nature. The maximum value of the new information comes from how well this perception, in probabilistic terms, is modified from its original value towards the probability of conclusive or perfect information value. The new information value is calculated before acquiring it; using Bayesian theory, with decision tree methodology in conjunction with Monte Carlo simulation applied to the estimated ultimate recovery (EUR) algorithm. A sensitivity analysis on the Bayes' conditional probabilty term is performed, and the results are presented in graphic form as the information surface, its 2-D projection and the Information index plot. The model was built on spreadsheet based commercial software." @default.
- W1971297727 created "2016-06-24" @default.
- W1971297727 creator A5024097365 @default.
- W1971297727 creator A5025698307 @default.
- W1971297727 date "2004-09-26" @default.
- W1971297727 modified "2023-10-01" @default.
- W1971297727 title "Information is Costly, but How Valuable is It?" @default.
- W1971297727 cites W1978987251 @default.
- W1971297727 cites W1980316752 @default.
- W1971297727 cites W2020784496 @default.
- W1971297727 cites W2048480578 @default.
- W1971297727 cites W2057706420 @default.
- W1971297727 cites W2185105794 @default.
- W1971297727 doi "https://doi.org/10.2118/90710-ms" @default.
- W1971297727 hasPublicationYear "2004" @default.
- W1971297727 type Work @default.
- W1971297727 sameAs 1971297727 @default.
- W1971297727 citedByCount "7" @default.
- W1971297727 countsByYear W19712977272013 @default.
- W1971297727 countsByYear W19712977272017 @default.
- W1971297727 countsByYear W19712977272018 @default.
- W1971297727 countsByYear W19712977272021 @default.
- W1971297727 crossrefType "proceedings-article" @default.
- W1971297727 hasAuthorship W1971297727A5024097365 @default.
- W1971297727 hasAuthorship W1971297727A5025698307 @default.
- W1971297727 hasConcept C105795698 @default.
- W1971297727 hasConcept C107673813 @default.
- W1971297727 hasConcept C11413529 @default.
- W1971297727 hasConcept C119857082 @default.
- W1971297727 hasConcept C124101348 @default.
- W1971297727 hasConcept C154945302 @default.
- W1971297727 hasConcept C25343380 @default.
- W1971297727 hasConcept C28901747 @default.
- W1971297727 hasConcept C33923547 @default.
- W1971297727 hasConcept C41008148 @default.
- W1971297727 hasConcept C49937458 @default.
- W1971297727 hasConcept C57493831 @default.
- W1971297727 hasConcept C92424840 @default.
- W1971297727 hasConceptScore W1971297727C105795698 @default.
- W1971297727 hasConceptScore W1971297727C107673813 @default.
- W1971297727 hasConceptScore W1971297727C11413529 @default.
- W1971297727 hasConceptScore W1971297727C119857082 @default.
- W1971297727 hasConceptScore W1971297727C124101348 @default.
- W1971297727 hasConceptScore W1971297727C154945302 @default.
- W1971297727 hasConceptScore W1971297727C25343380 @default.
- W1971297727 hasConceptScore W1971297727C28901747 @default.
- W1971297727 hasConceptScore W1971297727C33923547 @default.
- W1971297727 hasConceptScore W1971297727C41008148 @default.
- W1971297727 hasConceptScore W1971297727C49937458 @default.
- W1971297727 hasConceptScore W1971297727C57493831 @default.
- W1971297727 hasConceptScore W1971297727C92424840 @default.
- W1971297727 hasLocation W19712977271 @default.
- W1971297727 hasOpenAccess W1971297727 @default.
- W1971297727 hasPrimaryLocation W19712977271 @default.
- W1971297727 hasRelatedWork W1987378502 @default.
- W1971297727 hasRelatedWork W1996685122 @default.
- W1971297727 hasRelatedWork W2001863269 @default.
- W1971297727 hasRelatedWork W2369664904 @default.
- W1971297727 hasRelatedWork W2380321432 @default.
- W1971297727 hasRelatedWork W2725041071 @default.
- W1971297727 hasRelatedWork W2910992337 @default.
- W1971297727 hasRelatedWork W2961085424 @default.
- W1971297727 hasRelatedWork W2977416223 @default.
- W1971297727 hasRelatedWork W962464088 @default.
- W1971297727 isParatext "false" @default.
- W1971297727 isRetracted "false" @default.
- W1971297727 magId "1971297727" @default.
- W1971297727 workType "article" @default.