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The Effect of a Random Planning Horizon on Production and Investment for Petroleum Reservoir -- A Note on Kuller's and Cumming's Model

Al-Adhadh, Naim H. (1978) The Effect of a Random Planning Horizon on Production and Investment for Petroleum Reservoir -- A Note on Kuller's and Cumming's Model. Social Science Working Paper, 221. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20171020-134501659

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Abstract

There have been several formulations of models for crude oil production which tried to identify the elements of user cost and show their effect on production and investment decisions. In this chapter, previous results are extended by incorporating the uncertainty regarding the date of arrival of the backstop technology in the model. This uncertainty adds a new element to the user cost identified previously and is shown to affect the production and investment decisions.


Item Type:Report or Paper (Working Paper)
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:221
Record Number:CaltechAUTHORS:20171020-134501659
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171020-134501659
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82540
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:20 Oct 2017 20:51
Last Modified:03 Oct 2019 18:55

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