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Case Study: Enhancing Decision Quality by blending Operations Research techniques with classical Decision Analysis

Speaker: Bobby (Gopesh) Rana, Bill Klimack, Chevron

Presented at the 2019 DAAG Conference in Denver.  Case Study Session

Abstract: This paper looks at OR techniques at a high level and proposes one approach (amongst many) backed by a case study on how to leverage OR and probabilistic DA to channel prescriptive decision analysis. Case study outlines in brief, a multi-queue, multi-server, agent based OR model with convex optimization developed in Python with an Excel interface to solve very complex upstream operational decisions in the Oil & Gas industry.

Keywords: organizational capability orgcap, decision quality decqual



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