Browsing NTNU Open by Author "Dutta, Geetartha"
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Simulation-Regression Approximations for Value of Information Analysis of Geophysical Data
Eidsvik, Jo; Dutta, Geetartha; Mukerji, Tapan; Bhattacharjya, Debarun (Journal article, 2017)Value of information analysis is useful for helping a decision maker evaluate the benefits of acquiring or processing additional data. Such analysis is particularly beneficial in the petroleum industry, where information ... -
Value of information analysis for subsurface energy resources applications
Dutta, Geetartha; Mukerji, Tapan; Eidsvik, Jo (Journal article; Peer reviewed, 2019)A computationally efficient method to estimate the value of information in the context of subsurface energy resources applications is proposed. The value of information is a decision analytic metric quantifying the incremental ... -
Value of information of time-lapse seismic data by simulation-regression: comparison with double-loop Monte Carlo
Dutta, Geetartha; Mukerji, Tapan; Eidsvik, Jo (Peer reviewed; Journal article, 2019)Simulation-regression is a computationally efficient methodology to estimate the value of information (VOI), as it involves directly estimating the value outcomes corresponding to different data realizations by building a ...