Stochastic analysis of crude oil procurement and processing under uncertain demand for bunker fuel oil

B Zimberg, CE Testuri - International Transactions in …, 2006 - Wiley Online Library
Bunker fuel oil (ifo), one of the products of petroleum refining, has a strong impact in the
production process because it drives the availability of heavy residues that depend on the …

Operational planning of oil refineries under uncertainty Special issue: applied stochastic optimization

GP Ribas, A Leiras, S Hamacher - IMA Journal of Management …, 2012 - ieeexplore.ieee.org
In this paper, we describe a non-linear programming model for operational planning of oil
refineries, considering exogenous (external) and endogenous (internal) uncertainties. Three …

A hybrid of stochastic programming approaches with economic and operational risk management for petroleum refinery planning under uncertainty

CS Khor - 2007 - uwspace.uwaterloo.ca
In view of the current situation of fluctuating high crude oil prices, it is now more important
than ever for petroleum refineries to operate at an optimal level in the present dynamic …

[PDF][PDF] Optimization under Uncertainty for Operational Planning of Petroleum Refineries

G Ribas, A Leiras, S Hamacher - Simpósio da Sociedade Brasileira de …, 2010 - din.uem.br
In this paper, we describe a nonlinear programming (NLP) model for operational planning of
oil refineries, considering uncertainties related to oil supply and refinery capacity. Three …

A framework for crude oil scheduling in an integrated terminal-refinery system under supply uncertainty

F Oliveira, PM Nunes, R Blajberg… - European Journal of …, 2016 - Elsevier
Operational decisions for crude oil scheduling activities are determined on a daily basis and
have a strong impact on the overall supply chain cost. The challenge is to develop a feasible …

Integrated crude selection and refinery optimization under uncertainty

Y Yang, PI Barton - AIChE journal, 2016 - Wiley Online Library
Crude oil selection and procurement is the most important step in the refining process and
impacts the profit margin of the refinery significantly. Due to uncertain quality of the crudes …

Supply chain optimization of petroleum organization under uncertainty in market demands and prices

WBE Al-Othman, HMS Lababidi, IM Alatiqi… - European Journal of …, 2008 - Elsevier
A multi-period stochastic planning model has been developed and implemented for a supply
chain network of a petroleum organization operating in an oil producing country under …

Financial risk management in the planning of refinery operations

A Pongsakdi, P Rangsunvigit, K Siemanond… - International Journal of …, 2006 - Elsevier
Most models for refinery planning are deterministic, that is, they use nominal parameter
values without considering the uncertainty. This paper addresses the issue of uncertainty …

Literature review of oil refineries planning under uncertainty

A Leiras, G Ribas, S Hamacher… - International Journal of …, 2011 - inderscienceonline.com
This paper presents a literature review in the area of refinery planning models with
emphasis on the main techniques to deal with optimisation under uncertainty. The studies …

[PDF][PDF] Financial Risk Management in Refinery Operations Planning Using Commercial Software

M Bagajewicz, A Uribe - XIV Latin Ibero-American Congress on …, 2008 - academia.edu
Most commercial models (PIMS, RPMS, PETRO) perform refinery planning under
deterministic conditions, that is, they do not consider uncertainty in process, demands …