The value of personal data

This chapter discusses the value of personal data from two complementary perspectives: the value of personal data for firms and the value of personal data for individuals. The chapter starts with a short introduction into the rise of personal data markets – markets basically driven by the economic exploitation of personal data. Then the chapter...

Model-based workflows for optimal long-term reservoir mangement

Life-cycle optimization is the process of finding field operation strategies that aim to optimize recovery or economic value with a long-term (years to decades) horizon. A reservoir simulation model is therefore generally appropriate and sufficient to explore the impact of different recovery scenarios. A number of challenges arise when trying to...

Probabilistic assessment of an aged highway bridge under traffic load

Existing civil infrastructure represents a large economic value. Within the actions applied to the bridges, the traffic load is, in general, the most significant variable action to be considered when the ultimate limit states are under investigation. Consequently, the traffic load models play an important role in the design of new bridges but...