Value-of-information for model parameter updating through history matching

The paper includes four VOI analysis examples. The first illustrates the implementation of the general VOI framework for a simple HM problem. The second illustrates and discusses the difference between the calculations presented by other authors and the standard VOI definition used in the DA community. The third illustrates the implementation of VOI calculations in more realistic settings, including a sensitivity analysis of measurement noise. The fourth illustrates the application of VOI assessment in a case where a reservoir simulation model is involved.