RISK ASSESSMENT OF INVESTMENTS WITH FUZZY EFFICIENCY INDICATORS FOR OIL & GAS PRODUCTION INDUSTRY


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Abstract

The paper introduces new approach for the risk assessment of the project’s inefficiency in the process of hydrocarbon resources exploitation. The approach is grounded on the use of fuzzy sets which allow the determination of maximum risk per each of criterions associated with the efficiency assessment of hydrocarbon resources exploitation. These criterions, in aggregate, enable to determine the cumulative risk of a hydrocarbon resources exploitation project.

About the authors

Ali Zebardast

Baku State University, Baku

Author for correspondence.
Email: fake@neicon.ru

Degree of the Department of Economic Informatics, Sama technical and vocational training college (Islamic Azad University, Uremia, Iran)

Azerbaijan

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