Babak Jafarizadeh*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter


This chapter applies the key concepts from earlier chapters to real-world problems. Often these applications have subtleties that traditional models ignore. Therefore, we discuss how to reflect a further aspect of the real world in our decision models. The common theme in our discussions would be consistency of implementation and clear understanding. We use concepts of real options and dynamic decision making to enhance our models of project appraisal.

Original languageEnglish
Title of host publicationSpringerBriefs in Petroleum Geoscience and Engineering
Number of pages34
ISBN (Electronic)9783030961374
ISBN (Print)9783030961367
Publication statusPublished - 2022

Publication series

NameSpringerBriefs in Petroleum Geoscience and Engineering
ISSN (Print)2509-3126
ISSN (Electronic)2509-3134

ASJC Scopus subject areas

  • Geotechnical Engineering and Engineering Geology
  • Fuel Technology
  • Engineering (miscellaneous)


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