Models for Optimum Decision Making

Crude Oil Production and Refining

By: Katta G. Murty (Editor)

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eText | 13 March 2020 | Edition Number 1

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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 ?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 re?nery are only semi-?nished products; these are blended into ?nished products like gasoline, diesel oil, etc., meeting various speci?cations that the marketplace demands. The book discusses models for solving these problems optimally with examples.