On-line Optimization-Based Simulators for Fractured and Non-fractured Reservoirs Page: 128 of 188
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Table 8.6: Study IIb: Comparison of optimal policies for a single-stage optimiza-
tion for different periods of operation.
Period of Operation
(days)
1000
5000
Table 8.7: Case III: Optimal Policies
approach of Yeten et al.
h
I1-opt (bbl/day)
0.0258
0.0259
Optimal Policy
(bbl/day)
0.5
0.08
Profit
($)
1703.87
1668.55
for the two-stage optimization using the
t
Table 8.8: Case III: Optimal Policies for
method developed in this work
I1-opt (bbl/day)
0.0254
I2-opt (bbl/day)
0.0504
0.05
I
the single stage optimization using the
I2-opt (bbl/day)
0.0504
114
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Deo, Milind D. On-line Optimization-Based Simulators for Fractured and Non-fractured Reservoirs, report, August 31, 2005; Utah. (https://digital.library.unt.edu/ark:/67531/metadc877059/m1/128/: accessed April 23, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.