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A multistage scenario analysis with complete recourse is used.
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Paper: "Energy scenarios: the value and limits of scenario analysis".
An excellent discussion of scenario analysis is Elizabeth Mays, "Scenario Analysis for Board Risk Management," The Corporate Board, July/Aug.
The uncertainty in the strategic side is represented in a multistage scenario tree, while the uncertainty in the operational side is represented in two-stage scenario trees which are rooted with strategic nodes.
The research is based on scenario analysis.
Research procedures included hydraulic modeling, social analysis, and scenario analysis.
Topics include strategic analysis, industry analysis, value chains, core competencies, competitor analysis, scenario analysis, portfolio analysis, option analysis, and game theory.
well bore in the reservoir scenario analysis.
What-if analysis More focused than scenario analysis, usually quantitative.
Also, in the Netherlands scenario analysis emerged.
Uncertainty is incorporated into economic evaluations through the use of sensitivity analysis or scenario analysis.
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