Almost all input in PetroVR's exploration, engineering, or financial systems can be a risked input. In addition, any exploration or financial calculation can be a risked output. Select outputs to measure project risk. PetroVR's internal Monte Carlo Manager controls the process of randomly selecting a value for all risked inputs at each iteration. PetroVR then executes the model and presents results at the end of the simulation.
Trees can contain any number of decision points or chance nodes.
Result nodes can be either a number or a project model. When a result node is a project model, any financial calculation in the model may be used as the result node value. In addition, any of these variables can also be linked to Excel for both input and output. This combination of variable definition via FML or Excel gives you unlimited ability to customize nearly every aspect for your models. For instance, if a correlation exists between water saturation and porosity, FML gives you the ability to build the equations representing the correlation.