Optimal Decision-making in Oil Extraction under Imprecise Information

The issue on investing was examined with probabilities given in the form of interval in oil extraction. The solution ways of decision-making on investment with three alternatives and four criteria have been investigated and alternative which will be invested in has been identified. It is shown that it is more appropriate to use the method based on interval probabilities in order to carry out geological and technical measures during investing, unlikely decision-making based on the classical probabilities.