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Value of Information

Description:

The learner will analyze the economic "value of information" that can be achieved during the exploration process by applying various technologies at progressively higher costs to reduce uncertainty, thereby providing better estimates during the decision process. The objectives of this course are to: measure the value of data vs. the cost to acquire the data, determine multiple data acquisition scenarios that can accomplish the goals and measure their impact on the prospects economics, and understand the cost-benefit decision process and exploration uncertainty in making both technical and business decisions.

Duration:  8 hours

Content:

  • Value of Perfect Information
  • Value of Imperfect Information
  • Analyzing Decision Tree



0.8 CEUs offered.

Members : USD 115.00

Non-members : USD 150.00


Key:

Complete
Failed
Available
Locked
Value of Information
Begin self-paced component package.
Begin self-paced component package. This course will take 480 minutes.
CEU
0.80 CEUs credits  |  Certificate available
0.80 CEUs credits  |  Certificate available CEUs offered.