Concepedia

Uncertainty quantification and value of information assessment using proxies and Markov chain Monte Carlo method for a pilot project

Bailian Chen, Jincong He, Xian‐Huan Wen, Wen Chen, Albert C. Reynolds

Journal of Petroleum Science and Engineering · 2017 · 46 citations · 30 references

Concepts

BusinessSystems EngineeringBayesian Data AnalysisStochastic ModelingUncertainty QuantificationMarkov Chain Monte CarloMonte Carlo SimulationProbabilistic ModelingUncertainty AnalysisUncertainty EstimationValue Of InformationBayesian Uncertainty EstimationMarkov Chain Monte Carlo InferenceMonte Carlo Propagation Of UncertaintyParameter Uncertainty QuantificationProbabilistic Uncertainty AnalysisProject Uncertainty AnalysisUncertainty AssessmentUncertainty Characterization

References

30

Prospect Theory: An Analysis of Decision under Risk

Daniel Kahneman, Amos Tversky · Econometrica · 1979 · 47K citations

Business, Decision Sciences, Insurance +17

Equation of State Calculations by Fast Computing Machines

N. Metropolis, Arianna W. Rosenbluth, M. N. Rosenbluth et al. · The Journal of Chemical Physics · 1953 · 37.1K citations

Computing, Computer Engineering, Computer Science +9

Monte Carlo sampling methods using Markov chains and their applications

W. Keith Hastings · Biometrika · 1970 · 15.2K citations

Natural Sciences, Mathematics, Probability Theory +16

General Methods for Monitoring Convergence of Iterative Simulations

Stephen P. Brooks, Andrew Gelman · Journal of Computational and Graphical Statistics · 1998 · 6.1K citations

Computing, Biostatistics, Experimental Design +14

Estimating mutual information

Alexander Kraskov, Harald Stögbauer, Peter Grassberger · Physical Review E · 2004 · 4.1K citations · Full text

Natural Sciences, Mathematics, Information Theory +16