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A holistic approach to assessment of value of information (VOI) with fuzzy data and decision criteria. (2020)
Journal Article
VILELA, M., OLUYEMI, G. and PETROVSKI, A. 2020. A holistic approach to assessment of value of information (VOI) with fuzzy data and decision criteria. Decision making: applications in management and engineering [online], 3(2), pages 97-118. Available from: https://doi.org/10.31181/dmame2003097v

Classical decision and value of information theories have been applied in the oil and gas industry from the 1960s with partial success. In this research, we identify that the classical theory of value of information has weaknesses related with optima... Read More about A holistic approach to assessment of value of information (VOI) with fuzzy data and decision criteria..

Sensitivity analysis applied to fuzzy inference on the value of information in the oil and gas industry. (2020)
Journal Article
VILELA, M., OLUYEMI, G. and PETROVSKI, A. 2020. Sensitivity analysis applied to fuzzy inference on the value of information in the oil and gas industry. International journal of applied decision sciences [online], 13(3), pages 344-362. Available from: https://doi.org/10.1504/IJADS.2020.10026404

Value of information is a widely accepted methodology for evaluating the need to acquire new data in the oil and gas industry. In the conventional approach to estimating the value of information, the outcomes of a project assessment relate to the dec... Read More about Sensitivity analysis applied to fuzzy inference on the value of information in the oil and gas industry..