The American Association of Petroleum Geologists president promotes wider reliance than exists now on probabilistic methods of estimating oil and gas reserves. Oil and gas reserves calculations can be ...

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Spanning long distances across variable terrains, electric power systems can spark wildfires in the event of dry weather and high winds. This may occur when conductor cables oscillate in such a way to ...

Saksman's research deals with several mathematical problem areas that involve probabilistic questions in various setups. These include probabilistic methods in mathematical physics, analysis and ...

The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule ...

“What kind of investment do we make in technology to create flexibility?” Nuts and Bolts: Taking its cue from the Nobel-prize-winning Black-Scholes model for valuing options, ROV aims to put a ...