Picking the Best Portfolio Optimization under Uncertainty CHALLENGE Making robust decisions concerning one project in a company’s portfolio can be a challenge. Now envision doing the same for 100+ projects and then deciding which ones to pursue with a constrained budget, set employee count and other limitations. Recently, an oil and gas company approached EpiX with this conundrum. They had a large portfolio of potential oil wells and were using Monte Carlo to evaluate each well. In addition, they wanted to optimize their drilling portfolio to maximize value under certain constraints such as budget, drilling rig and summer/winter access limitations. While they had already constructed an optimization model, the problem was that it was much too slow and complex, taking 2+ days to

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