All Outputs (8)

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..

A holistic approach to assessment of value of information (VOI) with fuzzy data and decision criteria. [Thesis] (2019)
Thesis
VILELA IBARRA, M.J. 2019. A holistic approach to assessment of value of information (VOI) with fuzzy data and decision criteria. Robert Gordon University [online], PhD thesis. Available from: https://openair.rgu.ac.uk

The research presented in this thesis integrates theories and techniques from statistical analysis and artificial intelligence, to develop a more coherent, robust and complete methodology for assessing the value of acquiring new information in the co... Read More about A holistic approach to assessment of value of information (VOI) with fuzzy data and decision criteria. [Thesis].

Fuzzy logic applied to value of information assessment in oil and gas projects. (2019)
Journal Article
VILELA, M., OLUYEMI, G. and PETROVSKI, A. 2019. Fuzzy logic applied to value of information assessment in oil and gas projects. Petroleum science [online], 16(5), pages 1208-1220. Available from: https://doi.org/10.1007/s12182-019-0348-0

The concept of value of information (VOI) has been widely used in the oil industry when making decisions on the acquisition of new data sets for the development and operation of oil fields. The classical approach to VOI assumes that the outcome of th... Read More about Fuzzy logic applied to value of information assessment in oil and gas projects..

A fuzzy inference system applied to value of information assessment for oil and gas industry. (2019)
Journal Article
VILELA, M., OLUYEMI, G. and PETROVSKI, A. 2019. A fuzzy inference system applied to value of information assessment for oil and gas industry. Decision making: applications in management and engineering [online], 2(2), pages 1-18. Available from: https:// doi.org/10.31181/dmame1902001v

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 A fuzzy inference system applied to value of information assessment for oil and gas industry..

Ranking of geostatistical models and uncertainty quantification using signal detection principle (SDP). (2018)
Journal Article
ANI, M., OLUYEMI, G., PETROVSKI, A. and REZAEI-GOMARI, S. 2019. Ranking of geostatistical models and uncertainty quantification using signal detection principle (SDP). Journal of petroleum science and engineering [online], 174, pages 833-843. Available from: https://doi.org/10.1016/j.petrol.2018.11.024

The selection of an optimal model from a set of multiple realizations for dynamic reservoir modelling and production forecasts has been a persistent issue for reservoir modelers and decision makers. Current evidence has shown that many presumably goo... Read More about Ranking of geostatistical models and uncertainty quantification using signal detection principle (SDP)..

Fuzzy data analysis methodology for the assessment of value of information in the oil and gas industry. (2018)
Conference Proceeding
VILELA, M., OLUYEMI, G. and PETROVSKI, A. 2018. Fuzzy data analysis methodology for the assessment of value of information in the oil and gas industry. In Proceedings of the 2018 IEEE international conference on fuzzy systems (FUZZ-IEEE 2018), 8-13 July 2018, Rio de Janeiro, Brazil. Piscataway, NJ: IEEE [online], article ID 8491628. Available from: https://doi.org/10.1109/FUZZ-IEEE.2018.8491628

To manage uncertainty in reservoir development projects, the Value of Information is one of the main factors on which the decision is based to determine whether it is necessary to acquire additional data. However, subsurface data is not always precis... Read More about Fuzzy data analysis methodology for the assessment of value of information in the oil and gas industry..

Evolutionary computation for optimal component deployment with multitenancy isolation in cloud-hosted applications. (2018)
Conference Proceeding
OCHEI, L.C., PETROVSKI, A. and BASS, J.M. 2018. Evolutionary computation for optimal component deployment with multitenancy isolation in cloud-hosted applications. In Proceedings of the 2018 IEEE international symposium on innovations in intelligent systems and applications (INISTA 2018), 3-5 July 2018, Thessaloniki, Greece. New York: IEEE [online], article ID 8466315. Available from: https://doi.org/10.1109/INISTA.2018.8466315

A multitenant cloud-application that is designed to use several components needs to implement the required degree of isolation between the components when the workload changes. The highest degree of isolation results in high resource consumption and... Read More about Evolutionary computation for optimal component deployment with multitenancy isolation in cloud-hosted applications..