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Record W2084502821 · doi:10.2118/167630-stu

Statistical Decision Making: Improving the Decision Process in the Oil and Gas Industry

2013· article· en· W2084502821 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueSPE Annual Technical Conference and Exhibition · 2013
Typearticle
Languageen
FieldMathematics
TopicProbability and Statistical Research
Canadian institutionsUniversity of Calgary
Fundersnot available
KeywordsComputer scienceMultivariate statisticsKey (lock)Variable (mathematics)Variance (accounting)Dependency (UML)Process (computing)Petroleum industryVariablesCompetitive advantageDecision analysisDecision-makingRegression analysisBusiness decision mappingOperations researchDecision support systemStatisticsEngineeringOperations managementMachine learningArtificial intelligenceMathematicsMarketingEconomicsBusiness

Abstract

fetched live from OpenAlex

Abstract Success is one of the key drivers of an industry, and success is aided by good decision making. In the oil and gas industry, success is remaining competitive and profitable. This takes good decision making regarding company-wide programs. However, these key decisions are often based on Excel graphs that compare several variables over time. While this method can give a good overview, it fails to capture both the dependency of the variables on each other, and the probability that the results were derived by chance. There are several statistical analysis tools, including Multivariate Linear Regression, Spearman R, and the Analysis of Variance, which can be used to increase the chance of making the most profitable decision, by numerically measuring if the results were derived by chance, and if the variables are statistically dependant on each other. These statistical analysis tools need to be better incorporated in daily decision making to ensure that variable relations are not due to chance, and that all the possible variables are considered. By including this additional analysis, companies can help drive their own success by making the decisions that help them keep their competitive edge.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.006
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.659
Threshold uncertainty score0.736

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.006
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.066
GPT teacher head0.383
Teacher spread0.317 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it