uncertainty management

Robust Optimization for Petroleum Supply Chain Collaborative Design and Planning

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

Computer Aided Chemical Engineering (Published)

Jun, 2016

Keywords: downstream petroleum supply chain network design collaborative planning robust optimization uncertainty management

Network design and planning is instrumental to improve the Petroleum Supply Chains (PSC) competitiveness, affected nowadays by the economic crisis, alternative energy competition and price related uncertainties. This poses the need of developing stochastic models for simultaneous profit…

Downstream Petroleum Supply Chain Planning under Uncertainty

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

Computer Aided Chemical Engineering (Published)

Jun, 2015

Keywords: petroleum supply chain strategic design tactical planning mathematical programming uncertainty management

Design and planning of petroleum supply chains (PSC) present significant opportunity as financial crunches and variability in crude oil prices continue augmenting volatility among the petroleum product prices, costs, margins and demand. To deal with this challenge, we present a stochastic…