“Decision Trees and the Value of Flexibility II” in Oil & Gas Monitor: Taking another look at “Bad” projects

Rafael Hartke continues his series with "Decision Trees and the Value of Flexibility II" in Oil & Gas Monitor. Hartke writes, "It’s a no-brainer that a good project with many chances to achieve success is better than one with only one chance. "But what about a bad project? Intuition immediately tells us that repeating a […]