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University of Adelaide

Location:

Adelaide, SA, Australia

Contact

Steve Begg
steve.begg@adelaide.edu.au

Homepage:

http://www.adelaide.edu.au/directory/steve.begg

Category (Academic organization or Consultancy):

Academic organization

Founding year:

Number of employees

Research foci:

1. Psychological and judgmental factors in decision-making and the elicitation of expert opinion and probabilistic assessments 2. Development of accurate, rather than ‘precise’, holistic (systems) project models and processes, with improved value metrics, accounting for impacts of uncertainty 3. Portfolio analysis, optimization and management – with multiple objectives and incorporating “real options” 4. Relating evaluation and decision-making processes and tools to owner value and corporate performance metrics

Specific methods:

  • Belief networks
  • Cost-Benefit Analyses
  • Decision trees
  • Dynamic programming
  • Influence diagrams
  • Multi-Criteria Decision Analysis
  • Risk analyses
  • Probability assessment
  • Utility/value assessment
  • Scenario analysis
  • Sensitivity analysis
  • Simulation
  • Stochastic trees
  • System Dynamics' Models
  • Value-focused thinking

Areas:

  • Bidding and Pricing
  • Product and Project Selection
  • Resource Allocation
  • Technology Choice

Prime sector of activity (public, private, both)

private

Industry:

  • Oil & Gas
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