Models for Optimum Decision Making: Crude Oil Production and Refining (International Series in Operations Research & Management Science, 286)

✍ Scribed by Katta G. Murty (editor)

Publisher: Springer
Year: 2020
Tongue: English
Leaves: 90
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

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.

✦ Table of Contents

Preface
Acknowledgements
Reference
Contents
Contributors
1 History of Crude Oil Refining
References
2 Operations Inside a Crude Oil Refinery
References
3 How Much Crude Oil Should an Oil Exporting Country Produce Annually for Export?
Historical Background
The Two Players Involved in the Decision-Making Problem that We Will Discuss
History of Saudi Oil Industry
The Decision-Making Problem, Background in Early 2015
Analysis of the Decision Taken
The Procedure that OPEC IS Using Currently to Decide the Oil Production Quota of Each of Its Members
Lessons to Be Learnt from the Events over the Last Two Years (2015–2017)
Simple Approach to Calculate Crude Oil Export Quota for Each OPEC Country
References
4 Clustering Problems in Offshore Drilling of Crude Oil Wells
Application Involving Clustering Problems in Offshore Drilling
References
5 A Product Mix Optimization Application at the Saudi ARAMCO Company, Sadara Chemicals
Reference
6 Blending Operations in Crude Oil Refineries
Reference
7 Crude Oils Blending Problem in Oil Refineries to Prepare Feedstock into the Crude Distillation Unit
References
8 Pump Allocation at a New Zealand Oil Refinery
Reference
Appendix A Index
Index

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