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Title: Equitability, Allocation And Game Theory
Author: Phil Stockton Allan Wilson
Source: 2010 North Sea Flow Measurement Workshop
Year Published: 2010
Abstract: not actually written into allocation agreements, equitability is often assumed to be one of their governing principles. The belief being that, if the system is equitable, then it should be free from bias and all participants treated equally. But what exactly does equitability mean in this context and can it mean different things according to different viewpoints? This question has been addressed in detail, and at a fundamental level, by industries outside of oil and gas, in developing fair methods to allocate costs, resources and products




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