Models for Optimum Decision Making

Beschreibung

This book considers the problem of determining how many barrels of crude oil an oil-producing and exporting country should produce annually for export―along with several other important problems that decision-makers in the crude oil industry face―and discusses procedures for finding optimum solutions for them. It considers the important Objective Functions they need in making these critical decisions, and discusses procedures to find the best solutions. Outputs from the treatment units, in an oil refinery are only semi-finished products; these are blended into finished products like gasoline, diesel oil, etc., meeting various specifications that the marketplace demands. The book discusses models for solving these problems optimally with examples.
This book considers the problem of determining how many barrels of crude oil an oil-producing and exporting country should produce annually for export―along with several other important problems that decision-makers in the crude oil industry face―and discusses procedures for finding optimum solutions for them. It considers the important Objective Functions they need in making these critical decisions, and discusses procedures to find the best solutions. Outputs from the treatment units, in an oil refinery are only semi-finished products; these are blended into finished products like gasoline, diesel oil, etc., meeting various specifications that the marketplace demands. The book discusses models for solving these problems optimally with examples.
First book to apply OR techniques specifically to crude oil production and refining Examines the problem of deciding how much crude to produce annually for export each year Considers the decision of how much crude should be refined, for selling output products, vs. selling raw crude

Autor*in

Katta G. Murty

Themen in »Models for Optimum Decision Making«

Operations Research Mathematical Programming Optimum Decision Making Crude Oil Production Crude Oil Refining Decision Making Models

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