Mature offshore oil field development: Solving a real options problem using stochastic dual dynamic integer programming.
Steffen J. BakkerAndreas KleivenStein-Erik FletenAsgeir TomasgardPublished in: Comput. Oper. Res. (2021)
Keyphrases
- integer programming
- integer program
- real option
- np hard
- linear programming
- oil field
- constraint programming
- column generation
- set partitioning
- stochastic process
- valid inequalities
- production planning
- lp relaxation
- lagrangian relaxation
- oil production
- exact methods
- cutting plane
- expert systems
- stochastic processes
- learning algorithm
- life cycle
- multi objective
- lower bound
- case study