Lean Energy Management-9: Boosting, support vector machines and reinforcement learning in computer-aided lean management

In past articles in this series, we have been outlining an approach to computer-aided lean management (CALM). CALM is coming of age now because the computational capabilities to realize it in practice are just emerging.For the first time, real-time business is truly possible in the upstream oil and gas industry. Here we describe another essential piece of CALM, computational machine learning (ML). ML provides the essential CALM linkage between real-time data streams, information-to-knowledge conversion, and automated decision support.The natural progression in lean energy management (LEM) is from understanding data, to modeling the enterprise, and then to the addition of new computational...

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