Application of Fuzzy Logic Technique for Oil Drilling Problem
Keywords:
Oil drilling, Decision Making, Perfect, Imperfect Information And Uncertainty.Abstract
In this research paper, we studied a Decision making for Oil Drilling Problem using Fuzzy Logic Technique. In this problem, a geological engineer who has been asked by the chief executive officer (CEO) of a large oil firm to help make a decision about whether to drill the natural gas in a particular geographic region of northwestern new maxico. The first attempt at the decision process that there are only two states of nature regarding the existence of natural gas in the region. The CEO provides the utility matrix table. Further, CEO has asked you to collect new information by taking eight geographical boring samples from the region being considered the drilling. You have a natural gas expert examine the results of these eight tests; get the expert opinion about the conditional probabilities in the form of matrix. For drilling problem, we have used two methods: Conditional probabilities for imperfect information & Conditional Probabilities of perfect information. From this method, we have calculated the expected utility, prior probabilities, conditional and unconditional probabilities of perfect and imperfect information and value of information is calculated. This totally fuzzy information and we have studied the value of fuzzy information which is less than the perfect and less than the imperfect information. The problem of Oil Drilling Problem for Fuzzy logic technique is solved using the MATLAB programming software. This paper is totally based on software implementation of MATLAB.
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