Project Computation and Decision-Making
Bob Mackey is the principle owner of Fuels Inc. Bob has been able to increase his salary by a factor of over
100. At the present time, Bob has to remain competitive in his industry, so he has the following alternatives
regarding fuel equipment purchases.
Equipment Favorable Market Unfavorable Market
Panther $200,000 $100,000
Knight $300,000 $75,000
JB Billow $50,000 $12,000
Compose a paper in which you make a recommendation to Bob and Fuels Inc. In your paper, be sure to
include the following components:
◾an explanation of the type of decision Bob is facing,
◾a discussion on the decision criteria that should be used,
◾a description of how you will apply the six steps of the decision-making process and,
◾a recommendation for which alternative is best for Fuels Inc. Why?
Your completed paper must be at least two pages in length. You must integrate your textbook and at least two
other academic sources. Be sure to include an introduction and conclusion section in your paper. Adhere to
APA Style when constructing this assignment, including in-text citations and references for all sources that are
used. Please note that no abstract is needed.
If you need more practice on the math skills that are required in this assignment, the CSU Math Center created
this Decision Analysis Example recording that might help you when completing this assignment. A transcript
and closed captioning are available once you access the video.
Sample Solution
Weatherford Laboratories are involved in rock and fluid analysis by providing several services related to oil and gas production around the world. Weatherford labs has wide experience in working with different type of fluids and reservoir which play an important role for oil and gas producers. In addition, this experience leads the company to reach determinations on the best production for the long-term viability of a well.
Weatherford labs provide several services according to the client requirements, for instance MICP (Mercury injection and Capillary pressure), Porosity and Permeability measurement, CT scan for cores, Soxhlet Cleaning, Core photo, Core gamma, Fluid Saturation by Dean Stark, Salinity Analysis, and finally Miscible Extraction.
Weatherford laboratory sections
The Waterford lab in Oman is divided into several sections and each department has special tasks. The flow chart below shows the different sect
The Conventional core analysis department is about using different instrument in order to measure the porosity and permeability of fluids using Nitrogen and Helium gases. In addition porosity and permeability are important factors in petroleum.
This section provide an important data related to porosity and permeability in order to get a better understanding in reservoir and flow of different types of fluids using DHP (Digital Helium Porosimeter) and DGP (Digital Gas Porosimeter) devices also VINCI is one of the instruments that used for steady- state processes.
SCAL sectio
Special core analysis section are specialist in understanding petrophysical properties goes beyond special techniques with advance tests to help the client more in estimating their fields.
It is important to note however, that SCAl provide several services in MICP (mercury injection and capillary pressure), FRF (formation resistivity factor), and permeability of fluids especially water, CT scan, and flush cleaning using different solvents.
However, the department provides unique tests related to the above processes in order to ensure the delivery of good quality services and focus on saving costs to the customer.
Therefore, SCAL section is responsible for different fluid analysis at several stages in order to fulfil all the operational requirements and to achieve important results that optimize production and development of the fields.