scholarly journals Research on the normalisation method of logging curves: taking XJ Oilfield as an example

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Chang Mingyang ◽  
Deng Rui ◽  
Wang Haijiang ◽  
Xie Bibo ◽  
Zhao Zhongliang

Abstract During the long-term exploration and development of the oilfield, it is difficult to ensure that all well logging curves are measured by the same type of instrument, the same calibration standard and the same operation mode, For different wells, there must be systematic errors caused by these reasons. Therefore, in addition to environmental correction, it is necessary to standardise logging curves. In XJ oilfield, three logging companies use wireline logging and logging while drilling to complete logging, in multi-well logging interpretation. To eliminate the systematic errors of different measuring tools, to maximise the geological information reflected by logging curves, and to make logging interpretation follow the same standard as much as possible, it is necessary to standardise the logging curve in the whole oilfield. This article takes the standardisation of well 106 in XJ oilfield as an example, the standardisation of different methods was compared, the method of combining frequency histogram and mean variance is better.

Mathematics ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 111
Author(s):  
Hyungbin Park

This paper proposes modified mean-variance risk measures for long-term investment portfolios. Two types of portfolios are considered: constant proportion portfolios and increasing amount portfolios. They are widely used in finance for investing assets and developing derivative securities. We compare the long-term behavior of a conventional mean-variance risk measure and a modified one of the two types of portfolios, and we discuss the benefits of the modified measure. Subsequently, an optimal long-term investment strategy is derived. We show that the modified risk measure reflects the investor’s risk aversion on the optimal long-term investment strategy; however, the conventional one does not. Several factor models are discussed as concrete examples: the Black–Scholes model, Kim–Omberg model, Heston model, and 3/2 stochastic volatility model.


2009 ◽  
Vol 39 (1) ◽  
pp. 339-370 ◽  
Author(s):  
Robert J. Thomson ◽  
Dmitri V. Gott

AbstractIn this paper, a long-term equilibrium model of a local market is developed. Subject to minor qualifications, the model is arbitrage-free. The variables modelled are the prices of risk-free zero-coupon bonds – both index-linked and conventional – and of equities, as well as the inflation rate. The model is developed in discrete (nominally annual) time, but allowance is made for processes in continuous time subject to continuous rebalancing. It is based on a model of the market portfolio comprising all the above-mentioned asset categories. The risk-free asset is taken to be the one-year index-linked bond. It is assumed that, conditionally upon information at the beginning of a year, market participants have homogeneous expectations with regard to the forthcoming year and make their decisions in mean-variance space. For the purposes of illustration, a descriptive version of the model is developed with reference to UK data. The parameters produced by that process may be used to inform the determination of those required for the use of the model as a predictive model. Illustrative results of simulations of the model are given.


2021 ◽  
Vol 261 ◽  
pp. 03010
Author(s):  
Xiangru Meng ◽  
Jianmeng Sun ◽  
Haining Wang

The operation and management mode of “Internet+ Logistics Park” ecosphere has long-term and stable core competitiveness. This paper studies how to obtain the corresponding economic benefits from the perspective of the operators of the logistics park. The logistics park chooses the appropriate logistics service and the public service function to obtain the corresponding economic benefit. The development of the logistics park will finally be implemented to the profit of the park. The paper puts forward the profit model of “Internet+ Logistics Park” ecosphere; This paper mainly analyzes five modes: logistics integration mode, platform operation mode, resource integration mode, service delivery mode and chain replication mode; This paper makes a comparative analysis of different profit models from the aspects of model characteristics and profit thinking.


PEDIATRICS ◽  
1969 ◽  
Vol 43 (4) ◽  
pp. 652-667

A long-term metabolic balance study of healthy infants was performed in their homes to determine food consumption and the intake and retention of calcium, phosphorus, stable strontium, and strontium-90. Balances were measured in consecutive 28-day periods. The diets were selected by the parents on the advice of their pediatricians, and consisted of milk, commercially available premodified milk formulas, and packaged infant foods. The only strontium-90 fed to the infants was that which was present in foods and water due to fallout. Aliquots of all foods were analyzed for the substances of interest. Excreta were collected in paper diapers for analysis. Calcium, phosphorus, and strontium-90 balances are available for 30 infants in a total of 214 periods; stable strontium balances are available for 10 infants in 56 periods. The average age of the 30 infants was 164 days and the average weight was 7.4 kg. The average daily intake of milk and formula decreased from 654 ml at age 31 to 60 days to 590 ml at age 271 to 300 days; in the same interval, the average daily consumption of all other infant food increased from 80 to 413 gm. The diet in this study differed from uncontrolled diets mainly in the use of formula instead of cows' milk for the older infants, and the substitution of a packaged cereal mix for the more common dry cereal that is mixed with milk just before feeding. Use of the dry cereal would have added approximately 80 ml to the measured average consumption of 615 ml of milk per day. A major problem in performing an accurate metabolic balance study of strontium lies in the small fractional retention of the substance. As a result, small systematic errors in determining intake and collecting excreta lead to fractionally large systematic retention errors, and small random errors in intake and excreta analysis lead to large random retention errors. Fortunately, the large number of retention values reduces the random error of the mean. Typical individual retentions of stable strontium and strontium-90 have standard deviations of 38 and 24%, respectively; standard deviations of the mean of 56 stable strontium and 200 strontium-90 retentions are 5 and 2%, respectively. Based on numerical estimates of the recognized systematic errors, the respective true values of stable strontium and strontium-90 retention are believed to be 20 and 13% lower than the measured averages. The average retentions have been corrected by these percentages. The probable error of the systematic correction is undoubtedly large, but is smaller than the correction factor, according to three comparisons with independently derived values. This study demonstrates the feasibility of long-term metabolic balance studies in the home; it also indicates the need for internal controls in the samples, highly precise analyses, and methods for reducing systematic errors. For information on intake, this type of study complements surveys by questionnaires and interviews by providing more accurate values for a much smaller population. For retention, the study may be less accurate than one performed in a metabolic ward, but can be extended over a long time with less stress on the infant. Results of this type of study may be tested for accuracy by comparison with studies in metabolic wards, by tissue analyses for accumulated retention, and by in vivo measurements of the retention of radionuclides, although each of these has its own inherent inaccuracies that must be considered.


2019 ◽  
Vol 58 (1) ◽  
pp. 69-76 ◽  
Author(s):  
Steen Ingemann Hansen ◽  
Per Hyltoft Petersen ◽  
Flemming Lund ◽  
Callum G. Fraser

Abstract Background Monthly medians of patient results are useful in assessment of analytical quality in medical laboratories. Separate medians by gender makes it possible to generate two independent estimates of contemporaneous errors. However, for plasma creatinine, reference intervals (RIs) are different by gender and also higher over 70 years of age. Methods Daily, weekly and monthly patient medians were calculated from the raw data of plasma creatinine concentrations for males between 18 and 70 years, males >70 years, females between 18 and 70 years and females >70 years. Results The medians of the four groups were all closely associated, with similar patterns. The mean of percentage bias from each group defined the best estimate of bias. The maximum half-range (%) of the bias evaluations provided an estimate of the uncertainty comparable to the analytical performance specifications: thus, bias estimates could be classified as optimum, desirable or minimum quality. Conclusions Medians by gender and age are useful in assessment of analytical stability for plasma creatinine concentration ranging from 60 to 90 μmol/L. The daily medians are valuable in rapid detection of large systematic errors, the weekly medians in detecting minor systematic errors and monthly medians in assessment of long-term analytical stability.


Risks ◽  
2019 ◽  
Vol 7 (3) ◽  
pp. 86
Author(s):  
Marcos López de Prado ◽  
Ralph Vince ◽  
Qiji Jim Zhu

The Growth-Optimal Portfolio (GOP) theory determines the path of bet sizes that maximize long-term wealth. This multi-horizon goal makes it more appealing among practitioners than myopic approaches, like Markowitz’s mean-variance or risk parity. The GOP literature typically considers risk-neutral investors with an infinite investment horizon. In this paper, we compute the optimal bet sizes in the more realistic setting of risk-averse investors with finite investment horizons. We find that, under this more realistic setting, the optimal bet sizes are considerably smaller than previously suggested by the GOP literature. We also develop quantitative methods for determining the risk-adjusted growth allocations (or risk budgeting) for a given finite investment horizon.


SPIN ◽  
2017 ◽  
Vol 07 (03) ◽  
pp. 1740015 ◽  
Author(s):  
E. Farchi ◽  
Y. Ebert ◽  
D. Farfurnik ◽  
G. Haim ◽  
R. Shaar ◽  
...  

Magnetization in rock samples is crucial for paleomagnetometry research, as it harbors valuable geological information on long term processes, such as tectonic movements and the formation of oceans and continents. Nevertheless, current techniques are limited in their ability to measure high spatial resolution and high-sensitivity quantitative vectorial magnetic signatures from individual minerals and micrometer scale samples. As a result, our understanding of bulk rock magnetization is limited, specifically for the case of multi-domain minerals. In this work, we use a newly developed nitrogen-vacancy magnetic microscope, capable of quantitative vectorial magnetic imaging with optical resolution. We demonstrate direct imaging of the vectorial magnetic field of a single, multi-domain dendritic magnetite, as well as the measurement and calculation of the weak magnetic moments of an individual grain on the micron scale. These results pave the way for future applications in paleomagnetometry and for the fundamental understanding of magnetization in multi-domain samples.


2009 ◽  
Vol 147-149 ◽  
pp. 308-313
Author(s):  
Vytautas Barzdaitis ◽  
Vytautas Žemaitis ◽  
Rimantas Didžiokas ◽  
Pranas Mažeika

This paper deals with condition monitoring and vibration diagnostics of vertical sulphuric acid pumps running in continuous long term operation mode. The task of experimental testing and theoretical modeling – to increase reliability and efficiency of vertical pumps through elimination of rotor lateral vibration. On the basis of experimental testing results analysis the dynamic model was designed and simulated. The reason of high vibration of the pump rotor is the rotor technological bow and cavitation phenomenon that take place in the pump.


1960 ◽  
Vol 54 (1) ◽  
pp. 131-139 ◽  
Author(s):  
N. K. Jenkins ◽  
C. Tyler

A long-term calcium and phosphorus balance experiment with laying hens is described.The cumulative balances of calcium and phosphorus over a whole year were seen to be physiologically impossible.Results from other workers using short term balances could be equally impossible and a similar situation has recently been noted in balance experiments with ruminants.The techniques employed in the experiment were, therefore, investigated in detail.Only systematic errors could be responsible and it was found that the most likely source of such errors was (a) the spilling of food on to the floor or into the water bowl, and (b) failure to collect all the droppings.These errors only become apparent in long-term experiments and are more pronounced when diets containing high levels of calcium and/or phosphorus are fed.


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