Extensions of K.J. Roy's and R.E. Roadifer's Subjective Approach to Oil Resource Estimation

Baecher, G.B. (1975) Extensions of K.J. Roy's and R.E. Roadifer's Subjective Approach to Oil Resource Estimation. IIASA Working Paper. IIASA, Laxenburg, Austria, WP-75-054

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Abstract

Messrs. Roy and Roadifer, in separate papers, have proposed similar methodologies for making regional resource estimates. The idea underlying their approach is quite interesting, and may have extensions incorporable in larger schemes of estimation.

Roy's and Roadifer's approach adopts a simple "structural" model of deposit size, and uses the subjective feelings of geologists to generate probability density functions (pdf's) of the model parameters. A pdf of regional resources is approximated by using Monte Carlo simulation.

Item Type: Monograph (IIASA Working Paper)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:42
Last Modified: 17 Aug 2016 14:41
URI: http://pure.iiasa.ac.at/374

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