Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream)
The investment decision-maker in oil exploration projects faces overlap in the main criteria, sub-criteria, and attributes of the reasons that control the investment decision, which requires a mechanism that identifies and measures risks in terms of quantity and quality for all alternatives under st...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2021-01-01
|
| Series: | E3S Web of Conferences |
| Subjects: | |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/94/e3sconf_icge2021_02004.pdf |
| _version_ | 1818930374721404928 |
|---|---|
| author | Alhiti Kanaan M. Abdlkareem Mohammed Amjed Abdulqadir |
| author_facet | Alhiti Kanaan M. Abdlkareem Mohammed Amjed Abdulqadir |
| author_sort | Alhiti Kanaan M. Abdlkareem |
| collection | DOAJ |
| description | The investment decision-maker in oil exploration projects faces overlap in the main criteria, sub-criteria, and attributes of the reasons that control the investment decision, which requires a mechanism that identifies and measures risks in terms of quantity and quality for all alternatives under study. Having a mechanism that deals with such cases will help the decision-maker choose the best alternative by measuring risks and giving the best solution. The main objective of this study is to transfer the uncertainty resulting from the difference in the criteria and features of the problem under investigation into a mechanism that integrates both the Analytical Hierarchy Process (AHP) with the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to choose the optimal solution. The researchers used each (TOPSIS) and APH combined with choosing alternatives by defining criteria, sub-criteria, and oil exploration attributes. Risk management in oil exploration in the Kurdistan region was the subject of this research, which concluded that Erbil blocks' investment is better than the rest of the region. This methodology will act as a guide to help the decision-maker find the best alternative by using both techniques in finding the best investment decision. |
| first_indexed | 2024-12-20T03:59:41Z |
| format | Article |
| id | doaj.art-3e46ff1808ff4f6a9b32b3365e8cf444 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-12-20T03:59:41Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-3e46ff1808ff4f6a9b32b3365e8cf4442022-12-21T19:54:11ZengEDP SciencesE3S Web of Conferences2267-12422021-01-013180200410.1051/e3sconf/202131802004e3sconf_icge2021_02004Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream)Alhiti Kanaan M. Abdlkareem0Mohammed Amjed Abdulqadir1AL-Farabi University CollegeAL-Farabi University CollegeThe investment decision-maker in oil exploration projects faces overlap in the main criteria, sub-criteria, and attributes of the reasons that control the investment decision, which requires a mechanism that identifies and measures risks in terms of quantity and quality for all alternatives under study. Having a mechanism that deals with such cases will help the decision-maker choose the best alternative by measuring risks and giving the best solution. The main objective of this study is to transfer the uncertainty resulting from the difference in the criteria and features of the problem under investigation into a mechanism that integrates both the Analytical Hierarchy Process (AHP) with the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to choose the optimal solution. The researchers used each (TOPSIS) and APH combined with choosing alternatives by defining criteria, sub-criteria, and oil exploration attributes. Risk management in oil exploration in the Kurdistan region was the subject of this research, which concluded that Erbil blocks' investment is better than the rest of the region. This methodology will act as a guide to help the decision-maker find the best alternative by using both techniques in finding the best investment decision.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/94/e3sconf_icge2021_02004.pdfahp methodtopsis methoddmrisk management |
| spellingShingle | Alhiti Kanaan M. Abdlkareem Mohammed Amjed Abdulqadir Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream) E3S Web of Conferences ahp method topsis method dm risk management |
| title | Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream) |
| title_full | Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream) |
| title_fullStr | Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream) |
| title_full_unstemmed | Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream) |
| title_short | Risk management in Iraqi Oil Field Kurdistan Regional Government Case study (Upstream) |
| title_sort | risk management in iraqi oil field kurdistan regional government case study upstream |
| topic | ahp method topsis method dm risk management |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/94/e3sconf_icge2021_02004.pdf |
| work_keys_str_mv | AT alhitikanaanmabdlkareem riskmanagementiniraqioilfieldkurdistanregionalgovernmentcasestudyupstream AT mohammedamjedabdulqadir riskmanagementiniraqioilfieldkurdistanregionalgovernmentcasestudyupstream |