Optimization Parameters are used to support the Production Optimizer’s Value Modeling analysis module.
To Edit Optimization Parameters:
- Open the Data Entry pane on the left side of the User Interface
- Select Optimization Parameters
- Select the pen button that appears to the right to open the menu
- Make the desired changes to the input fields
- Select Close
Optimization Parameters Data Element Description
| Data Element | Description | Constraints |
|---|---|---|
| Discount Rate | Discount rate to be used in Net Present Value calculation | > 0 and < 1 |
| Weeks of Production | Number of weeks of production to calculate net revenue | ≥ 0 |
| Report Time Horizon (Weeks) | The number of weeks used in the Net Present Value calculation | ≥ 0 |
| Graph Time Horizon (Weeks) | Plotting parameters for which to plot Investment Cost, Net Revenue and Cashflow | Check mark |
| Schedule | Used to determine number of working hours per week for the Net Present Value calculation | Schedules |
| Include Scenario Modeling | Check the box to include scenario modeling in Value Model | Check mark |