Proposing a decision-making process for the development of sustainable oil and gas resources using the petroleum fund: A case study of the East Natuna gas field
The effective stewardship of capital is cardinal to ensure economic return to compensate shareholders for capital invested at risk. This paper outlines how investment analysis can be used to improve the decision-making process of deepwater oil and gas field developments. The paper focuses on the key drivers and boundary conditions that impact the economics of the entire field life cycle. It also highlights the relationships between these key drivers and the selection of the layout and main subsystems of the field architecture. A typical deepwater field scenario is used to illustrate the methodology of investment analysis and associated simulations that reflect the uncertainties along the stages of the decision process. Sensitivity analysis is utilized to identify how much each uncertain driver contributes to the uncertainty in the project economic outcome.
This chapter examines the effect of group dynamics on the 2016 decision within the administration of President Barack Obama to lead the international coalition in a mission to liberate Raqqa, Syria, from the Islamic State. The authors show that whereas the groupthink syndrome characterized the decision-making process of the US-led coalition’s decision to attack Raqqa, it was polythink that characterized the decision-making dynamics both in the US-led coalition and within the inner circle of Obama’s own foreign policy advisors. Through case-study analysis, the authors illustrate that groupthink is more likely in strategic decisions, whereas polythink is more likely in tactical decisions.
The present study investigates the level of empowerment among tribal women in terms of their participation in the decision-making process and to identify the factors that affect their level of participation. Fifty women from the Gujjar community of Kashmir Valley were selected through a purposive sampling technique. The interview and case study methods were employed for collecting data from the potential participants. The study revealed that tribal women’s right to make decisions was confined to minor household issues only. A significant positive correlation was also noted between family size, type of family, age, level of education, employment status and participation of the tribal women in decision-making.
Purpose
The purpose of this paper is to investigate and explain how organizations in the construction sector can enhance their decision-making process (DMP) by practising knowledge management (KM) and business process management (BPM) activities. A conceptual framework is developed that recognises the elements that impact DMP in terms of KM and BPM. The development of this framework goes beyond current empirical work on KM in addition to BPM as it investigates a wider variety of variables that impact DMP.
Design/methodology/approach
A case study is undertaken in the context of the construction industry in Jordan. A theoretical framework is developed and assessment of the proposed framework was undertaken through a questionnaire survey of decision-makers in the construction sector and expert interviews.
Findings
The outcomes of this research provide several contributions to aid decision-makers in construction organizations. Growth in the usage of KM and BPM, in addition to the integration between them, can provide employees with task-related knowledge in the organization’s operative business processes, improve process performance, promote core competence and maximise and optimise business performance.
Originality/value
Through the production of a framework, this study provides a tool to enable improved decision-making. The framework generates a strong operational as well as theoretical approach to the organizational utilization of knowledge and business processes.
The paper investigates how different hierarchy structuring in analytic
hierarchy process (AHP) may affect the final results in the decision-making
process. This problem is analyzed in a case study of the Rila monastery
forest stands in Bulgaria. There were three similar and mutually overlapped
hierarchies defined. A decision maker evaluated all of them and after
analyzing final results and consistency performance, he selected and revised
the most appropriate hierarchy structure. Consistency check assisted in
detecting the judgments which have strongly violated evaluation procedure.
These mistakes are interpreted as a consequence of a large number of required
pair-wise comparisons. The paper emphases the importance of properly defining
hierarchy structure and recommends using consistency analysis as a guide and
not as a directive for the revision of judgments.
Data Fusion and Multi-Criteria Decision Making for Producing Oil and Gas Resources Potential Maps (Case Study: Saracheh Zone, Qom Province)