Search results
Results from the WOW.Com Content Network
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
A McKelvey diagram or McKelvey box is a visual representation used to describe a natural resource such as a mineral or fossil fuel, based on the geologic certainty of its presence and its economic potential for recovery. The diagram is used to estimate the uncertainty and risk associated with availability of a natural resource.
Geologic modelling is a relatively recent subdiscipline of geology which integrates structural geology, sedimentology, stratigraphy, paleoclimatology, and diagenesis; In 2-dimensions (2D), a geologic formation or unit is represented by a polygon, which can be bounded by faults, unconformities or by its lateral extent, or crop. In geological ...
Geostatistical inversion integrates high resolution well data with low resolution 3-D seismic, and provides a model with high vertical detail near and away from well control. This generates reservoir models with geologically-plausible shapes, and provides a clear quantification of uncertainty to assess risk. Highly detailed petrophysical models ...
Ternary diagram showing the relative abundance of quartz, feldspar, and lithic grains and views of what selected compositions would look like. A QFL diagram or QFL triangle is a type of ternary diagram that shows compositional data from sandstones and modern sands, point counted using the Gazzi-Dickinson method. The abbreviations used are as ...
A quadrangle is defined by north and south boundaries of constant latitude (which are not great circles so are curved), and by east and west boundaries of constant longitude. From approximately 1947–1992, the USGS produced the 7.5 minute series, with each map covering an area one-quarter of the older 15-minute quad series, which it replaced. [1]
In geology, a matrix-supported rock is a sedimentary rock of which a defined majority is the fine-grained matrix as opposed to the clasts (in the case of a conglomerate) or allochems (in the case of a limestone). For a conglomerate, a rock is considered matrix
A risk measure is subadditive if for any portfolios A and B, the risk of A+B is never greater than the risk of A plus the risk of B. In other words, the risk of the sum of subportfolios is smaller than or equal to the sum of their individual risks. Standard deviation and expected shortfall are subadditive, while VaR is not.