Investing in infrastructure and industry sectors can lessen the direct impacts of disruptive events, and a risk-based input-output model can demonstrate how those direct impacts propagate to other economic sectors. We develop and compare two different decision models to determine the optimal resource allocation to assist impacted sectors to recover. The first decision model minimizes direct imp...

This paper attempts to provide a unified framework that takes into account various aspects of the oil and natural gas exploratory process such as the depletion of the resource base with time, uncertainty in drilling, changing economic incentives and the joint product aspects of the oil and gas exploration. The equilibrium in the market for oil and natural gas prospects is first described and th...

Cost efficiency measures the cost of resource by output production. While conventional cost efficiency models set targets separately for each DMU, There are cases where the Central decision making is seeking the above targets, and at the same tries to obtain the target of Min cost efficiency for the total consumption. in this paper we consider that there is a centralized decision maker (DM). In...

We review the issues involved in designing a mechanism for allocating resource rights. We focus on the case of exploration and development rights for oil and gas leases in U.S. federal lands to highlight the tradeoffs at play. The main issues concern the design of the lease contract, the design of the auction, and the supply of leases. A distinguishing feature of oil and gas leases is that the ...

This paper proposes a new resource allocation model which is based on data envelopment analysis (DEA) and concerns systems with several homogeneous units operating under supervision of a central unit. The previous studies in DEA literature deal with reallocating/allocating organizational resource to improve performance or maximize the total amount of outputs produced by individual units. In tho...

Light hydrocarbons accumulated in subsurface soil by long-term microseepage could favor the anomalous growth of indigenous hydrocarbon-oxidizing microorganisms, which could be crucial indicators of underlying petroleum reservoirs. Here, Illumina MiSeq sequencing of the 16S rRNA gene was conducted to determine the bacterial community structures in soil samples collected from three typical oil an...

A primary component of our approach is the spatial distribution of resources throughout the study area. To map the spatial distribution of gas and oil resources, the quantities of resources from different estimates must be allocated to spatially defined units. The units used in this study are derived from the “plays” defined by the U.S. Geological Survey. Plays are sets of known or postulated o...