Method, system and apparatus for modeling production system...

G - Physics – 06 – F

Patent

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G06F 17/10 (2006.01) E21B 49/00 (2006.01)

Patent

CA 2716428

Embodiments of the present disclosure include a method that includes creating a deterministic model representing a production system. The model may include one or more inputs and parameters that are not deterministically known, and one or more outputs. A prior probability density function may be used to determine a prior uncertainty, and a measurement related to a first of the outputs may be obtained. The method may also include determining a posterior probability density function using the prior probability density function, the measurement, and a conditional probability density function. Embodiments of the present disclosure also include a computer- readable medium having a set of computer-readable instructions residing thereon that, when executed, perform acts comprising the foregoing method. Embodiments of the present disclosure further include a computing device that includes a memory, one or more processors operatively coupled to the memory, and functionality operable by the processors to perform the foregoing method.

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