Project Economics and Decision AnalysisVolume 1Determinisitic Models 2nd (Second) Edition

by M.A. Mian

In Volume 2: Probabilistic Models, author M. A. Mian presents the concepts of decision analysis, incorporating risk and uncertainty as applied to capital investments. In the expanded and updated second edition of Volume 2, Mian integrates new advancements and clarifies concepts to facilitate their understanding. Each topic is introduced, followed by a brief discussion related to its application in practice and a solved example. Includes a companion CD with applications, spreadsheets, and tables that expand the practical application of the book's material.

Genres: Business

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.