2018
DOI: 10.2516/ogst/2018056
|View full text |Cite
|
Sign up to set email alerts
|

A robust crude oil supply chain design under uncertain demand and market price: A case study

Abstract: In today’s global economy, the oil industry plays a vital role and has an effect on most of countries within leading business environments, particularly in oil producing countries. To deal with the complexity of the crude oil supply network, a mathematical programming model is developed to formulate a crude oil supply chain. A robust optimization model is developed to maximize the profitability of the entire chain and take uncertainties of price and demand into account. The results show that according to the r… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
11
0

Year Published

2020
2020
2024
2024

Publication Types

Select...
8

Relationship

2
6

Authors

Journals

citations
Cited by 16 publications
(11 citation statements)
references
References 29 publications
0
11
0
Order By: Relevance
“…They also used Auto-Regressive Integrated Moving Average (ARIMA) method for time series analysis and a scenario reduction method to compress the problem dimensions. Beiranvand et al [32] proposed a robust optimization model to consider demand and price uncertainties.…”
Section: Literature Review Of Oil and Petroleum Products Supply Chainmentioning
confidence: 99%
“…They also used Auto-Regressive Integrated Moving Average (ARIMA) method for time series analysis and a scenario reduction method to compress the problem dimensions. Beiranvand et al [32] proposed a robust optimization model to consider demand and price uncertainties.…”
Section: Literature Review Of Oil and Petroleum Products Supply Chainmentioning
confidence: 99%
“…There are some studies in reservoir engineering concepts that focus on optimization under uncertainty. [7,[56][57][58][59] Also, in production optimization research, most studies have focused on hierarchical optimization. [10,19,[47][48][49]60,61] Some researchers used the average NPV for optimization under uncertainty of model in single-objective optimization problems.…”
Section: Pso-based Multi-purpose Optimization Approachmentioning
confidence: 99%
“…Amount of environmental impact, incidence analysis for the ten points of the Pareto frontier in the second scenario. building tax should be examined more accurately, 2) the social costs and amount of pollution due to building construction should be addressed, and 3) uncertainties in parameters should be considered through robust and fuzzy methods to make the model closer to reality [43].…”
Section: Conclusion and Suggestions For Future Researchmentioning
confidence: 99%