Method for assessment of uncertainty and risk

Details Method for assessment of uncertainty and risk Method for assessment of uncertainty and risk

2007-01-08

2008-12-16

Raymond, Edward (Department: 2857)

Data processing: measuring, calibrating, or testing

Measurement system in a specific environment

Earth science

C703S010000

Reexamination Certificate

active

07467045

ABSTRACT:
A method is disclosed for assessing uncertainty comprising: creating a catalog for uncertainty areas; capturing quantitative and qualitative uncertainty data; establishing dependencies between uncertainties; associating risks to uncertainties; associating action plans and tasks to risks; creating a realization tree from uncertainty ranges; and tracking changes to uncertainties and realizations over time.

REFERENCES:
patent: 2004/0220790 (2004-11-01), Cullick et al.
SPE 84439, “Using Visualization Tools to Gain Insight Into Your Data”, Oct. 5, 2003.

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