Abstract:Short-term production optimization of oil assets concerns routing decisions and equipment control settings that induce optimal steady-state operations. Typically, the decisions are made on the scale of hours to days with the aim of maximizing short-term economic and oil gains. Still an evolving field, this paper contributes by presenting a model and solution strategy for sequencing operations over time to drive the system towards an optimal state, while accounting for constraints that ensure smooth transitions… Show more
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