Distribution planning

Stochastic Modeling Approach for Downstream Oil Supply Chain

C. Lima, S. Relvas, A.P. Barbosa-Póvoa

Computer Aided Chemical Engineering (Published)

Nov, 2017

Keywords: Uncertainty Distribution Planning Downstream Oil Supply Chain Stochastic Programming Scenario-based Approach

Uncertainties arise from several sources and may introduce diverse risks within the oil supply chain (OSC), hindering its management, besides raising costs and lowering margins. The purpose of this work is to present a new stochastic approach to deal with different sources of uncertainty, by…

Downstream oil supply chain management: A critical review and future directions

C. Lima, S. Relvas, A.P. Barbosa-Povoa

Computers and Chemical Engineering (Published)

May, 2016

Keywords: Downstream oil supply chain Distribution planning Refined product Optimization method Mathematical programming technique Decision-support tool

The oil industry has been playing a particular role in the modern economy, acting globally in different countries within competitive business environments. Due to the complexity of the oil supply chain, the associated decision making process is a difficult task, which involves numerous elements from oil…