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Project Economics and Decision Analysis, Volume 1: Deterministic Models, 2nd Edition

$131.00

In this new second edition, M. A. Mian has expanded and updated the first volume of Project Economics and Decision Analysis by incorporating new advancements and clarifying concepts to facilitate their understanding.The book presents a balanced blend of theoretical concepts and their practical utility.

New to the second edition of Project Economics and Decision Analysis, Volume 1 is a section on netback pricing and indexed netback pricing. Additionally, the new edition expands the weighted average cost of capital (WACC) concept for better comprehension and to recognize its weakness in practice. The concept of unit technical cost, also known as long-run marginal cost (LRMC), has been expanded as well to aid with its calculation and application.

Features and Benefits

  • Explain the ever-expanding role of economics in prudent capital investment decision-making.
  • Assist readers in developing a knowledgeable vocabulary of the terms associated with economic analysis.
  • Review the procedures used in preparing capital investment evaluations and decision analysis.
  • Relate the new vocabulary and knowledge to some specific problems.
  • Present ways of interpreting estimates that include uncertainty (i.e., converting probabilistic description into a measure of profitability).
  • Provide solid hands-on experience with capital investment evaluation and decision analysis.

Audience

  • Engineers
  • Geologists
  • Planners Managers
  • Students

About the Author

M.A. Mian, a registered professional engineer in the state of Colorado with more than 30 years of practical experience, is currently a Petroleum Engineering Consultant with Saudi Aramco. Mian has been involved in reservoir engineering, reserves evaluation, field development plans, and project economics-evaluating multi-billion dollar oil and gas field development, liquefied natural gas (LNG) and gas-to-liquids (GTL) plants, aluminum smelters, refineries, petrochemical plants, and power projects. He has designed fiscal terms for international contracts and practically managed the day-to-day modalities of pre- and post-agreement functions. Mian earned a B.Sc. degree in Mechanical Engineering, an M.Sc. in Petroleum Engineering, and an M.Sc. in Mineral Economics from Colorado School of Mines. In addition, he has published extensively in the oil industry trade journals, is the author of Petroleum Engineering Handbook for the Practicing Engineer (PennWell 1992), and teaches seminars on various subjects in the industry. Mian has a unique ability to drill down to the key points and make complex terminology much easier to understand.

Details
Type: Hardcover
Size: 6 x 9 inches
Pages: 482
Published: 2011
ISBN: 9781593702083

View Sample

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Description

In this new second edition, M. A. Mian has expanded and updated the first volume of Project Economics and Decision Analysis by incorporating new advancements and clarifying concepts to facilitate their understanding.The book presents a balanced blend of theoretical concepts and their practical utility.

New to the second edition of Project Economics and Decision Analysis, Volume 1 is a section on netback pricing and indexed netback pricing. Additionally, the new edition expands the weighted average cost of capital (WACC) concept for better comprehension and to recognize its weakness in practice. The concept of unit technical cost, also known as long-run marginal cost (LRMC), has been expanded as well to aid with its calculation and application.

Features and Benefits

  • Explain the ever-expanding role of economics in prudent capital investment decision-making.
  • Assist readers in developing a knowledgeable vocabulary of the terms associated with economic analysis.
  • Review the procedures used in preparing capital investment evaluations and decision analysis.
  • Relate the new vocabulary and knowledge to some specific problems.
  • Present ways of interpreting estimates that include uncertainty (i.e., converting probabilistic description into a measure of profitability).
  • Provide solid hands-on experience with capital investment evaluation and decision analysis.

Audience

  • Engineers
  • Geologists
  • Planners Managers
  • Students

About the Author

M.A. Mian, a registered professional engineer in the state of Colorado with more than 30 years of practical experience, is currently a Petroleum Engineering Consultant with Saudi Aramco. Mian has been involved in reservoir engineering, reserves evaluation, field development plans, and project economics-evaluating multi-billion dollar oil and gas field development, liquefied natural gas (LNG) and gas-to-liquids (GTL) plants, aluminum smelters, refineries, petrochemical plants, and power projects. He has designed fiscal terms for international contracts and practically managed the day-to-day modalities of pre- and post-agreement functions. Mian earned a B.Sc. degree in Mechanical Engineering, an M.Sc. in Petroleum Engineering, and an M.Sc. in Mineral Economics from Colorado School of Mines. In addition, he has published extensively in the oil industry trade journals, is the author of Petroleum Engineering Handbook for the Practicing Engineer (PennWell 1992), and teaches seminars on various subjects in the industry. Mian has a unique ability to drill down to the key points and make complex terminology much easier to understand.

Details
Type: Hardcover
Size: 6 x 9 inches
Pages: 482
Published: 2011
ISBN: 9781593702083

View Sample

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Additional info

SKU: 9781593702083
UPC: 9781593702083
Availability: Usually ships the next business day.
Weight: 2.77 LBS
Width: 6.00
Height: 9.00