An Algorithm of Management Decision-Making Regarding the Feasibility of Investing in Geological Studies of Forecasted Hydrocarbon Resources

Cherepovitsyn, Alexey; Metkin, D.M.; Gladilin, Alexander

doi:10.3390/resources7030047

Cited by 22 publications

(15 citation statements)

References 13 publications

(24 reference statements)

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“…Thus, it is necessary to determine the vector = ( , , … , , … , ) − -the volume of requirements imposed by agents on the distributed resource [68][69][70][71][72]. The evaluation of the vector x is one of the most difficult and contested quantities in the problem.…”

Section: Resultsmentioning

confidence: 99%

Modeling Competition between Countries in the Development of Arctic Resources

Konyukhovskiy

Holodkova

Titov³

2019

Resources

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The article is devoted to the approaches that can be applied in the distribution of Arctic resources between the main reference countries of this region. The objective economic nature of the problems that arise in this region makes it possible to characterize them as a competition of claims for a limited and potentially dynamically changing resource. At a formal level, this problem has a general nature and it is typical for many areas of modern economy. At the same time, it is impossible to deny its specifics, which imposes significant restrictions on possible methods of solution. In recent years, problems in the sphere of interstate cooperation under conditions of limited resources have significantly increased. In such a situation, scientific and practical research in the field of mechanisms for regulating the relations between the parties (economic entities) becomes interesting. In analyzing the mechanisms of distribution of limited resources, one can use the theory of cooperative games, mathematical models of resource rationing, as well as works on the study of problems of equitable distribution (s.c. Fair Divisions). In the framework of such tasks, the range of applicants for limited resources can be limited to countries or regions directly adjacent. The process can be include of “external players” who have sufficient investment potential. The subsequent development and analysis of the problems of regulating intercountry interaction are associated with mathematical formalization. Such formalization presupposes a description of the situation of competitive interaction between countries in the form of a stochastic cooperative game. An analysis of possible concepts for the solution of this game will lead to meaningful conclusions about specific schemes (mechanisms) of rationing.

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Section: Resultsmentioning

confidence: 99%

Modeling Competition between Countries in the Development of Arctic Resources

Konyukhovskiy

Holodkova

Titov³

2019

Resources

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“…Standard methods, such as the scenario approach (Cherepovitsyn et al, 2018), are widely used in investment design and in assessing the value of the object, using the income approach. In the works (Ozerov, 2007;Pupentsova & Livintsova, 2018), it was shown that, when choosing the best and most effective use of the object, uncertainty in the source data and in the predictions of their changes can lead to an erroneous choice.…”

Section: Methodsmentioning

confidence: 99%

Risk Management in Business Valuation in the Context of Digital Transformation

Пупенцова

Gromova

2021

Real Estate Management and Valuation

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The paper deals with business valuation in unstable conditions of the external environment. Economic recession and the need for digital transformation is coming to the fore in Russia. As a result of this, the valuation of assets and business acquires additional complexity and issues related to effective risk assessment become relevant. The main objective of this paper is to offer non-traditional methods of risk assessment for business valuation at the moment. The qualitative and quantitative risk analysis will help to improve the quality of the assessment reports of the property in an unstable period. The paper focuses on the non-traditional methods of risk assessment (Monte Carlo method, game theory) which must be used in determining the market value of the object of assessment in the current time. A practical example of using the simulation modeling method is given in detail. Summarizing, the use of the simulation modeling method for calculating the market value of the appraisal object will provide additional (compared to the standard method) information and increase the reliability of the results. Moreover, in the period of the coronavirus pandemic, this paper becomes even more relevant and important, seeing as how uncertainty is becoming inherent in countries around the world. Thus, this study is of value to researchers in the field of economic modeling and appraisers across the globe.

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“…Для России вопросы повышения эффективности геологоразведки стоят крайне остро, в том числе и на этапах промышленного освоения месторождения, где важна доразведка пластов и получение возможного прироста запасов углеводородов [57]. Арктические НГП могут компенсировать снижение запасов легкоизвлекаемых углеводородов в старопромысловых регионах, но необходимо отметить еще низкий уровень разведанности некоторых территорий арктической зоны хозяйствования [58].…”

Section: динамика накопленного числа цитирований и публикаций по годамunclassified

Critical analysis of methodological approaches to assessing sustainability of arctic oil and gas projects

Cherepovitsyn

Tcvetkov

Evseeva

2021

PMI

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Development of hydrocarbon resources in the Arctic is one of the priority tasks for the economy of the Russian Federation; however, such projects are associated with significant risks for the environment of nearby regions. Large-scale development of hydrocarbon resources in the Arctic should be based on the principles of sustainable development, which imply a balance between socio-economic benefits and environmental risks. The purpose of this study is to analyze the gaps in scientific knowledge on the issues of assessing sustainability of Arctic oil and gas projects (OGPs) and systematize the key problematic elements of such assessments. The analysis was carried out in terms of four key elements that determine the feasibility of implementing Arctic OGPs in the context of sustainable development: economic efficiency, social effects, environmental safety and technological availability. The methodology for conducting bibliometric analysis, which included more than 15.227 sources from the Scopus database over the period of 2005-2020, was based on PRISMA recommendations for compiling systematic reviews and meta-analyses. Methodological problems of assessing sustainability of Arctic OGPs were mapped and divided into four key sectors: consideration of factors that determine sustainability; sustainability assessment; interpretation of assessment results; sustainability management. This map can serve as a basis for conducting a series of point studies, aimed at eliminating existing methodological shortcomings of the sustainable development concept with respect to Arctic OGPs.

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An Algorithm of Management Decision-Making Regarding the Feasibility of Investing in Geological Studies of Forecasted Hydrocarbon Resources

Cited by 22 publications

References 13 publications

Modeling Competition between Countries in the Development of Arctic Resources

Modeling Competition between Countries in the Development of Arctic Resources

Risk Management in Business Valuation in the Context of Digital Transformation

Critical analysis of methodological approaches to assessing sustainability of arctic oil and gas projects

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