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Joint venture to create online analysis tool to help optimise drilling decisions
(20/01/2010)

Decision Analysis, which is a branch of Operations Research, is mathematical tool that can be used to optimise decisions under conditions of risk and uncertainty. In a joint venture between Drillers.com and the Department of Applied Mathematics at the University of Pau in France, a project has been started to create online tools to help optimise drilling decisions. These tools will use Mathcad worksheets coded with Decision Analysis techniques t... [more]

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