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T. L. Saaty and L. G. Vargas, “Prediction, Projection, and Forecasting: Applications of the Analytical Hierarchy Process in Economics, Finance, Politics, Games, and Sports,” Kluwer Academic Publishers, Boston, 1991.

has been cited by the following article:

• TITLE: Concept Selection for Hydrocarbon Field Development Planning

  AUTHORS: J. Efrain Rodriguez-Sanchez, J. Martin Godoy-Alcantar, Israel Ramirez-Antonio

  KEYWORDS: Oil; Planning; Deep Water; Concept; Front End Loading

  JOURNAL NAME: Engineering, Vol.4 No.11, November 22, 2012

  ABSTRACT: Two methodologies to rank exploitation scenarios for hydrocarbon fields during screening and concept selection stages are described and compared. First a selection based on net present value valuation is introduced and an explanation on its limitations for field planning are given thus, a second selection based on a multiattribute decision model where other technical factors not directly associated to economics such as operability and reliability are considered. A comparison of net present value and the multiattribute decision model on a concept selection study case shows differences on the scenario selection for exploitation. Sources of the different outcomes between the two methodologies are identified. A stochastic analysis for the multiattribute decision model is performed to have a complete view of the possible outcomes since the factors in the multiattribute decision model are measured qualitatively and their values can vary depending on experts’ knowledge and experience. Recommendations obtained from the methodologies studied for screening and concept selection are given.