Print Email Facebook Twitter Scenario-based robust optimization of water flooding in oil reservoirs enjoys probabilistic guarantees Title Scenario-based robust optimization of water flooding in oil reservoirs enjoys probabilistic guarantees Author Siraj, M. Mohsin (Eindhoven University of Technology) Saltik, M. Bahadir (Eindhoven University of Technology) Van den Hof, Paul M.J. (Eindhoven University of Technology) Grammatico, S. (TU Delft Team Bart De Schutter) Date 2018 Abstract Model-based optimization of the water-flooding process in oil reservoirs suffers from high levels of uncertainty arising from strongly varying economic conditions and limited knowledge of the reservoir model parameters. To handle uncertainty, diverse robust optimization approaches that use an ensemble of uncertain parameter realizations (i.e., scenarios), have been adopted. However, in scenario-based approaches, the effect of considering a finite set of scenarios on the constraint violation and/or the performance degradation with respect to the unseen scenarios have not been studied. In this paper, we provide probabilistic guarantees on the worst-case performance degradation of a scenario-based solution. By using statistical learning, we analyze the impact of the number of scenarios on the probabilistic guarantees for the worst-case solution subject to both economic and geological uncertainties. For the economic uncertainty, we derive an explicit a-priori relationship between the probabilistic guarantee and the number of considered scenarios, while for the geological uncertainty, a-posteriori probabilistic upper bounds on the worst-case solution are given. Subject scenario-based optimizationstatistical learningwater-flooding To reference this document use: http://resolver.tudelft.nl/uuid:894d62a8-ad7f-4809-8d43-38fae07558f1 DOI https://doi.org/10.1016/j.ifacol.2018.06.362 ISSN 2405-8963 Source IFAC-PapersOnLine, 51 (8), 102-107 Event 3rd IFAC Workshop on Automatic Control in Offshore Oil and Gas Production OOGP 2018, 2018-05-30 → 2018-06-01, Esbjerg, Denmark Part of collection Institutional Repository Document type journal article Rights © 2018 M. Mohsin Siraj, M. Bahadir Saltik, Paul M.J. Van den Hof, S. Grammatico Files PDF 1_s2.0_S240589631830692X_main.pdf 754.01 KB Close viewer /islandora/object/uuid:894d62a8-ad7f-4809-8d43-38fae07558f1/datastream/OBJ/view