2016
DOI: 10.1016/j.cageo.2016.08.002
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A general method to select representative models for decision making and optimization under uncertainty

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Cited by 68 publications
(27 citation statements)
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“…Optimization under geological uncertainty is another important aspect that should be addressed. In this case realization selection, using procedures described in [52], could be applied. The twostep ST may be particularly useful within the context of field development optimization, where well number, locations, types and controls must be determined.…”
Section: Discussionmentioning
confidence: 99%
“…Optimization under geological uncertainty is another important aspect that should be addressed. In this case realization selection, using procedures described in [52], could be applied. The twostep ST may be particularly useful within the context of field development optimization, where well number, locations, types and controls must be determined.…”
Section: Discussionmentioning
confidence: 99%
“…The models are selected such that two of them correspond to P10 and P90 (for n r ≤ 10) or P5 and P95 (for n r > 10), and the rest of n r − 2 models correspond to even increments in NPV percentile (e.g., for n r = 5, the models correspond to P10, P30, P50, P70, and P90). Other selection methods such as equally weighted flow-based and permeability-based clustering (Shirangi and Durlofsky, 2016) could be applied and tested here 1 .…”
Section: Optimization With Sample Validation and Selection Of Represementioning
confidence: 99%
“…This study also increases the computational efficiency of the CLFD process by using representative models of the uncertain system. Techniques to select representative models were the focus of recent research (Jiang et al, 2016;Meira et al, 2016Meira et al, , 2017Shirangi and Durlofsky, 2016). This work applies a method developed in related research (Meira et al, 2016(Meira et al, , 2017 to reduce the number of scenarios for production strategy selection and optimization.…”
Section: Introductionmentioning
confidence: 99%