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A Decision Model for Selecting the Optimum Oil Production Profile Using Multi Criteria Decision Making and Social Choice Theory

[+] Author Affiliations
Samira Keivanpour

Université Laval, Québec, QC, Canada

Hassan Haleh

Islamic Azad University, Ghazvin, Iran

Hamed Shakouri Ganjavi

University of Tehran, Tehran, Iran

Paper No. IMECE2014-40444, pp. V014T08A008; 7 pages
doi:10.1115/IMECE2014-40444
From:
  • ASME 2014 International Mechanical Engineering Congress and Exposition
  • Volume 14: Emerging Technologies; Engineering Management, Safety, Ethics, Society, and Education; Materials: Genetics to Structures
  • Montreal, Quebec, Canada, November 14–20, 2014
  • Conference Sponsors: ASME
  • ISBN: 978-0-7918-4963-7
  • Copyright © 2014 by ASME

abstract

Applying a MCDM model has many benefits for decision makers in the course of oil field master development plans preparation and evaluation. In this study, a multi-criteria decision making model is proposed in order to achieve an optimum production profile. The most important criteria and parameters for selection of best production profile are identified. These parameters are derived by several interviews with Iranian oil Industry’s experts. The candidate alternatives for production profile are ranked using a combination of group decision making approach and social choice theory. The degree of group consensus is evaluated by using a statistic model to confirm the validity of decision making model.

Copyright © 2014 by ASME
Topics: Decision making

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