Optimization of Decision Tree and Simulation Portfolios: A Comparison

SPE Hydrocarbon Economics and Evaluation Symposium

Volumn , Issue , 2001, Pages 9-16

  Erdogan, M ^a   Mudford, B ^a   Chenoweth, G ^b   Holeywell, R ^b   Jakubson, J ^a  

^a Landmark Graphics ^*

^b Marathon Oil   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COMPUTER SIMULATION; DECISION MAKING; ECONOMIC AND SOCIAL EFFECTS; INVESTMENTS; ITERATIVE METHODS; PETROLEUM INDUSTRY; PETROLEUM RESERVOIR EVALUATION; PROBABILITY DISTRIBUTIONS; PROJECT MANAGEMENT; RANDOM PROCESSES; RISK ASSESSMENT; TREES (MATHEMATICS);

CAPITAL ALLOCATION; ECONOMIC EVALUATION;

PETROLEUM PROSPECTING;

EID: 1142279453     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.2523/68575-ms     Document Type: Conference Paper

References (7)

1. Markowitz, H "Portfolio Selection"The Journal of Finance, Vol7/No 1, March 1952, pp. 77-91.
2. Mudford, B. "Valuing and Comparing Oil and Gas Opportunities: A Comparison of Decision Tree and Simulation Methodologies", paper SPE 63201 presented at the 2000 SPE Annual Technical Conference and Exhibition held in Dallas, Texas, 1-4 October 2000.
3. Hightower, L., Sogomonian, A., Stallaert, J. "Banking On Monte Carlo", Energy and Power Risk Management, Vol2/No5, September 1997.
4. Hightower, L., David, A., "Portfolio Modeling: A Technique for Sophisticated Oil and Gas Investors", paper SPE 22016, presented at the SPE Hydrocarbon Economics and Evaluation Symposium held in Dallas, Texas, 11-12 April, 1991.
5. Orman, M., Duggan, T.E., "Applying Modern Portfolio Theory to Upstream Investment Decision-Making", paper SPE49095 presented SPE Annual Technical Conference and Exhibition held in New Orleans, Louisiana, 27-30 September, 1998.
6. Luehrman, T.A., "What is Worth? A General Manager's Guide to Valuation", Harvard Business Review. May-June, 1997
7. Galli,A.G., Amstrong, M., Jehl,B.,"Comparison of Three Methods for Evaluating Oil Projects", JPT,pp 44-49, October, 1999.