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

This book considers the problem of determining how many barrels of crude oil an oil-producing and exporting country should produce annually for exportalong with several other important problems that decision-makers in the crude oil industry faceand discusses procedures for nding optimum solutions for them. It considers the important Objective Functions they need in making these critical decisions, and discusses procedures to nd the best solutions. Outputs from the treatment units, in an oil renery are only semi-nished products; these are blended into nished products like gasoline, diesel oil, etc., meeting various specications that the marketplace demands. The book discusses models for solving these problems optimally with examples.