Models for Optimum Decision Making

Models for Optimum Decision Making

by Katta G. Murty
Epub (Kobo), Epub (Adobe)
Publication Date: 20/04/2020

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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.

ISBN:
9783030402129
9783030402129
Category:
Operational research
Format:
Epub (Kobo), Epub (Adobe)
Publication Date:
20-04-2020
Language:
English
Publisher:
Springer International Publishing

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