Integrated Rfid Model For Optimal Selection of Drilling Projects

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Dr. Maki K. Rashid
Dr. Maki K. Rashid
1 Sultan Qaboos University

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This work presents a model resolving data shortage problems when facing investment decisions in selecting drilling projects based on availability of equipments and drilling facilities. This is accomplished by enabling an environment for automatic information exchange using the technology of Radio Frequency Identification (RFID) integrated with assessments for projects net profit values. Incorporating the information technology tools facilitates the components selection and improves information retrieval efficiency for such missions especially during projects evaluation and drilling operation phase. Also, a fuzzy model is presented and convoyed with an optimization technique to take into consideration the risk of possible variation in oil prices and production cost. All these components are integrated by using information system design tools.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Dr. Maki K. Rashid. 2011. \u201cIntegrated Rfid Model For Optimal Selection of Drilling Projects\u201d. Global Journal of Research in Engineering - J: General Engineering GJRE-J Volume 11 (GJRE Volume 11 Issue J7): .

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Crossref Journal DOI 10.17406/gjre

Print ISSN 0975-5861

e-ISSN 2249-4596

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v1.2

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December 10, 2011

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English

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This work presents a model resolving data shortage problems when facing investment decisions in selecting drilling projects based on availability of equipments and drilling facilities. This is accomplished by enabling an environment for automatic information exchange using the technology of Radio Frequency Identification (RFID) integrated with assessments for projects net profit values. Incorporating the information technology tools facilitates the components selection and improves information retrieval efficiency for such missions especially during projects evaluation and drilling operation phase. Also, a fuzzy model is presented and convoyed with an optimization technique to take into consideration the risk of possible variation in oil prices and production cost. All these components are integrated by using information system design tools.

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Integrated Rfid Model For Optimal Selection of Drilling Projects

Dr. Maki K. Rashid
Dr. Maki K. Rashid Sultan Qaboos University

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