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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