AUSTRALIAN scientists have developed computer programmes aimed at reducing uncertainty when making critical decisions in the oil industry. This software suite named iiris [SUBS THIS IS CORRECT - double (and small case) i], logs results from previous decisions and by factoring in a variety of other factors can more accurately assess risk. The aim is to give lower and middle ranking executives the judgement of more experienced managers and the ability to balance objectives, resources, team motivation and monitoring. The Australian scientist ...

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