Robust optimization

Adjustable Robust Optimization for Planning Logistics Operations in Downstream Oil Networks

C. Lima, S. Relvas, A.P.F.D. Barbosa-Póvoa, J.M. Morales

Processes (Published)

Aug, 2019

Keywords: Distribution Planning Oil supply chain Robust optimization Uncertainty

The oil industry operates in a very uncertain marketplace, where uncertain conditions can engender oil production fluctuations, order cancellation, transportation delays, etc. Uncertainty may arise from several sources and inexorably affect its management by interfering in the associated…

Oil product distribution planning via robust optimization

C. Lima, S. Relvas, A.P. Barbosa-Povoa, J.M. Morales

Computer Aided Chemical Engineering (Published)

Jul, 2018

Keywords: Robust optimization Uncertainty Downstream oil supply chain

This paper approaches the tactical distribution planning in the downstream oil supply chain (DOSC) under uncertain market conditions by using robust optimization (RO). The tactical RO model makes use of general polyhedral uncertainty sets, which encompass the so-called ramping constraints…

Downstream Petroleum Supply Chains’ Design and Planning - Contributions and Roadmap

L.J. Fernandes, S. Relvas, A.P. Barbosa-Póvoa

Springer Proceedings in Mathematics and Statistics (Published)

Feb, 2018

Keywords: Petroleum supply chain Strategic and tactical planning Uncertainty and risk management Stochastic MILP Robust optimization

Petroleum Supply Chains (PSC) networks are complex organizations, strongly affected by competition, environmental regulation and market uncertainty. To improve profits and reduce costs and risks, companies may use mathematical programming for strategic, tactical and operational planning. The…