The concept of Value of Information (VoI) has attracted significant attentions within the civil
engineering community over especially the last decade. Triggered by the increasing focus …

Quantifying and representing uncertainty for geothermal systems is often ignored, in
practice, during the exploration phase of a geothermal development project. We propose …

Seismic reservoir characterization aims to build 3-dimensional models of rock and fluid
properties, including elastic and petrophysical variables, to describe and monitor the state of …

Applied ecologists continually advocate further research, under the assumption that
obtaining more information will lead to better decisions. Value of information (VoI) analysis …

Gathering the right kind and the right amount of information is crucial for any decision-
making process. This book presents a unified framework for assessing the value of potential …

Decision-making support (DMS) methods are widely used for technical, economic, social
and environmental assessments within different energy sectors, including upstream oil and …

Measures of sensitivity and uncertainty have become an integral part of risk analysis. Many
such measures have a conditional probabilistic structure, for which a straightforward Monte …

Conservation decision‐makers face a trade‐off between spending limited funds on direct
management action, or gaining new information in an attempt to improve management …

Geophysical monitoring of CO 2 storage projects enables informed decision making of
injection strategies. When monitoring projects are designed, decisions should be made …

Management of safety, and barriers in particular, includes using information expressing
performance, ie use of safety performance indicators. For this information to be useful, the …