Models for Optimum Decision Making: Crude Oil Production and Refining

by Katta G. Murty (Editor)

Overview

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.

Product Details

ISBN-13:	9783030402129
Publisher:	Springer-Verlag New York, LLC
Publication date:	03/13/2020
Series:	International Series in Operations Research & Management Science , #286
Sold by:	Barnes & Noble
Format:	eBook
File size:	10 MB

About the Author

​Katta G. Murty is an Emeritus Professor of industrial and Operations engineering at The University of Michigan, Ann Arbor. Professor Murty teaches graduate and undergraduate courses in linear, integer and non-linear programming and network flows. His recent research includes studies in mathematical programming and its applications as well as research on optimization algorithms. He is the author of eight books on linear and non-linear programming and network flows, and an undergraduate text on Operations Research-Deterministic Optimization Models.

Table of Contents

Chapter 1. History of Crude Oil Refining.- Chapter 2. Operations Inside a Crude Oil Refinery.- Chapter 3. How Much Crude Oil Should an Oil Exporting Country Produce Annually for Export?- Chapter 4. Clustering Problems in Offshore Drilling of Crude Oil Wells.- Chapter 5. A Product Mix Optimization Application at Saudi ARAMCO.- Chapter 6. Product Blending Operations in Crude Oil Refineries.- Chapter 7. Crude Oils Blending in Oil Refineries to Prepare Feedstock into Crude Distillation.- Chapter 8. Pump Allocation at a New Zealand Oil Refinery.