SPE Workshop: Optimisations and Economics
Optimisation is the process of making the system as perfect, functional, or effective as possible. Maximise operational efficiency by improving utilisation for any sort of resource: capital, personnel, equipment, vehicles, and facilities. Assign the best resources to each task, at the best possible time. This will uncover solutions to the toughest challenges and cope with the toughest conflicts. The result is creating fast and measurable return on investment.