Project Economics and Decision Analysis: Volume 1: Deterministic Models

by M.A. Mian

This comprehensive guide provides all the necessary concepts of capital investment evaluation, capital budgeting, and decision analysis. Mian takes the reader step-by-step through the decision-making process, providing comprehensive coverage of all decision analysis tools currently available while outlining how investment decisions are made under different stages of risk. Further, he focuses on practical application, using a straightforward approach with solved "real-life" examples and solutions, end-of-chapter problems, and illustrations throughout the book. Key Features & Benefits Become familiar with the practical applications of various capital budgeting techniques (the deterministic phase) and decision analysis methods (the probabilistic phase) Intelligently interpret the profitability measures as applied to oil & gas projects Assess the risks when investing in the oil & gas business Assess the face value of the reports issued by planning/economic engineers Model the presented methods on their computer

Genres: Business

397 pages, Hardcover

First published June 15, 2002

Reviews

[Sjors · Rating 3 out of 5]

After opening this book I found I was already fluent with 95% of the materials in it. The discussion about Netback Pricing was useful. I also liked the illustrations of the Contractor and Government take under the Concessionary and Production Sharing Agreement regimens. Apart from that though, yawn.

There was not much discussion on decision analysis in this volume, but I am hopeful that “Volume 2: Probabilistic Models” will deliver the goods on that front.