Understanding the Uncertainty

Babak Jafarizadeh

doi:10.1007/978-3-030-96137-4_2

Understanding the Uncertainty

Babak Jafarizadeh^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

This chapter discusses the concepts in more details. We make decisions because we want to achieve our goals. Yet, we live in an uncertain world and the outcome of our decisions would be uncertain. Therefore, we describe projects’ uncertainty using the language of probability. Our description makes the decision models, yet they cannot (and should not) reflect all aspects of the real world. We should simplify. Our models should be simple enough (and realistic enough) to be useful.

Original language	English
Title of host publication	SpringerBriefs in Petroleum Geoscience and Engineering
Publisher	Springer
Pages	13-39
Number of pages	27
ISBN (Electronic)	9783030961374
ISBN (Print)	9783030961367
DOIs	https://doi.org/10.1007/978-3-030-96137-4_2
Publication status	Published - 2022

Publication series

Name	SpringerBriefs 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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10.1007/978-3-030-96137-4_2

Cite this

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Understanding the Uncertainty

Abstract

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