The Application of Decision Tree Classification Algorithm on Decision-Making for Upstream Business
نویسندگان
چکیده
In today's rapidly advancing technological landscape and evolving business paradigms, the pursuit of insightful patterns concealed knowledge beyond conventional big data becomes imperative. This serves a crucial role in aiding stakeholders, particularly realms tactical decision-making forecasting, with particular focus on strategy risk management. Strategic holds key to sustaining longevity, profitability, continuous enhancement oil gas industry. Therefore, it is paramount address this need by uncovering most effective Decision Tree (DT) techniques for various challenges identifying their practical applications real-life scenarios. The integration Machine Learning (ML) stands as pivotal approach foster data-driven innovation within sector. study aims offer valuable insights methodologies efficient decision-making, catering diverse stakeholders It focuses exploration optimal DT specific problems relevance situations. By harnessing potential machine learning collaborative efforts among research scientists, practitioners, analysts, strives provide more precise data. Furthermore, imperative recognize that not all are mathematicians. project management, holistic considers humanistic perspectives, such analysis, ethics, empathy, crucial. Ultimately, output findings any system must be accessible, comprehensible, interpretable humans or human groups. success these lies just mathematical precision but also ability resonate guide decision-makers. light, emphasizes element interpretation acknowledging system's will require interaction, ethical considerations truly driving positive outcomes
منابع مشابه
The Application of GIS in Petroleum Upstream Investment Decision making
This paper discusses a GIS based decision support system that supports the petroleum upstream investment decision-making. Functions of prospect screening and evaluation in both technical aspects (Volume, structure, trap, reservoir and charge, etc.) and economic aspects (Net present value, Investment / profit Ratio, etc.) are designed and integrated into a GIS platform to supports and facilitate...
متن کاملApplication of Business-Driven Decision Making to RESTful Business Processes
Runtime adaptability is a desired quality attribute in business processes, particularly cross-organizational ones. Past work showed that designing and implementing business processes following the REpresentational State Transfer (REST) principles increases runtime adaptability. However, the past solutions for RESTful business processes (RESTfulBP) were limited to manual selection of process fra...
متن کاملSteel Buildings Damage Classification by damage spectrum and Decision Tree Algorithm
Results of damage prediction in buildings can be used as a useful tool for managing and decreasing seismic risk of earthquakes. In this study, damage spectrum and C4.5 decision tree algorithm were utilized for damage prediction in steel buildings during earthquakes. In order to prepare the damage spectrum, steel buildings were modeled as a single-degree-of-freedom (SDOF) system and time-history...
متن کاملPredicting Twist Condition by Bayesian Classification and Decision Tree Techniques
Railway infrastructures are among the most important national assets of countries. Most of the annual budget of infrastructure managers are spent on repairing, improving and maintaining railways. The best repair method should consider all economic and technical aspects of the problem. In recent years, data analysis of maintenance records has contributed significantly for minimizing the costs. B...
متن کاملUnderstanding business decision making on the environment
This paper considers the influence of a range of factors within and around the firm on business decision making relating to the environment. Within the firm, it emphasises the importance of governance structures, corporate cultures and organisational capacities. Around the firm, it stresses the importance of the incentives, imperatives and informational pressures that emerge from governments, m...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Advanced Computer Science and Applications
سال: 2023
ISSN: ['2158-107X', '2156-5570']
DOI: https://doi.org/10.14569/ijacsa.2023.0140873