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Models for Optimum Decision Making

Crude Oil Production and Refining
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Description

This book considers the problem of determining how many barrels of crude oil an oil-producing and exporting country should produce annually for export―along with several other important problems that decision-makers in the crude oil industry face―and discusses procedures for finding optimum solutions for them. It considers the important Objective Functions they need in making these critical decisions, and discusses procedures to find the best solutions. Outputs from the treatment units, in an oil refinery are only semi-finished products; these are blended into finished products like gasoline, diesel oil, etc., meeting various specifications that the marketplace demands. The book discusses models for solving these problems optimally with examples.

Author Biography:

​Katta G. Murty is an Emeritus Professor of industrial and Operations engineering at The University of Michigan, Ann Arbor. Professor Murty teaches graduate and undergraduate courses in linear, integer and non-linear programming and network flows. His recent research includes studies in mathematical programming and its applications as well as research on optimization algorithms. He is the author of eight books on linear and non-linear programming and network flows, and an undergraduate text on Operations Research-Deterministic Optimization Models.
Release date NZ
March 14th, 2020
Audience
  • Professional & Vocational
Contributor
  • Edited by Katta G. Murty
Edition
1st ed. 2020
Illustrations
15 Illustrations, color; 2 Illustrations, black and white; XIII, 81 p. 17 illus., 15 illus. in color.
Pages
81
ISBN-13
9783030402112
Product ID
32471580

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