301762 (v.3) Risk and Uncertainty 616
Area: |
Department of Petroleum Engineering |
Credits: |
25.0 |
Contact Hours: |
40.0 |
| ** The tuition pattern below provides details of the types of classes and their duration. This is to be used as a guide only. For more precise information please check your unit outline. ** | |
Lecture: |
1 x 20 Hours 4 Weekly |
Tutorial: |
1 x 20 Hours 4 Weekly |
Syllabus: |
Properties and applications of probability distributions, appraisal of uncertain ventures, simulation - Monte Carlo method, decision trees and economic models, evaluation of expected discoveries in mature regions, Bayes strategies and estimates of valueand risking of hydrocarbon reserves. |
| ** To ensure that the most up-to-date information about unit references, texts and outcomes appears, they will be provided in your unit outline prior to commencement. ** | |
Field of Education: | 030100 Manufacturing Engineering and Technology (Narrow Grouping) |
Funding Cluster: | 08 - Engineering, Science, Surveying |
SOLT (Online) Definitions*: | Informational *Extent to which this unit or thesis utilises online information |
Result Type: | Grade/Mark |
Availability |
|
| Availability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information. | |
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Content Last Modified: October 31, 2005
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