2 articles for “decision under uncertainties”

Set a search alert

Research ArticleOpen accessIn the keywordsA Stochastic Knapsack Problem with Continuous Random CapacitySuwitchporn Witchakul, Prapaisri Sudas Na Ayudhaya, Peerayuth CharnsethikulProblem Statement: The problem of allocating a set of items in order to maximize the toal linear profit under uncertain capacity referred as a stochastic knapsack problem with continuous random capacity was studied theoretically and computationally. Approach: Two optimization based heuristic algorithms were proposed and developed for solving the problem and both efficiency and effectiveness are compared with the general … …Journal of Mathematics and Statistics, Vol. 4, Issue 4 · 31 Dec 2008 · 6,951 accessesView PDF Cite

Research ArticleOpen accessIn the abstractOptimal Subsurface Appraisal: A Key Link to the Success of Development Projects-Few ExamplesVirendra Singh, Ivan Yemez, Elena Izaguirre, Alvaro RaceroDuring exploration and production phases, the life of a hydrocarbon field can be distinguished by five main stages: Exploration, appraisal, development, production and abandonment. Of particular interest is the appraisal stage, where billions of dollars are spent across the oil and gas industry on data gathering activities with a view to reducing subsurface uncertainties towards optimizing reservoir development and management. … …American Journal of Applied Sciences, Vol. 14, Issue 2 · 13 Jan 2017 · 8,522 accessesView PDF Cite