The major oil industry upstream activities include the exploration, drilling, extraction, pipelines installation, and production of crude oil. In this paper, we develop a mathematical model to plan for these operations as a crude oil supply chain network design problem. The proposed multi-period mixed integer linear programming model entails both strategic (e.g., facility location and allocatio...

A typical crude oil supply chain consists of production oilfields, processing terminals, storage facilities and refineries, interconnected by means of pipelines. In processing terminals, different varieties of base crude-oils are received, processed and blended in order to produce commercial varieties which are exported and/or sent to refineries. In the last decade, very few contributions have ...

The major oil industry upstream activities include the exploration, drilling, extraction, pipelines installation, and production of crude oil. In this paper, we develop a mathematical model to plan for theseoperations as a crude oil supply chain network design problem.The proposed multi-period mixed integer linear programming model entails both strategic (e.g., facility location and allocation)...

One of the most critical activities in a refinery is the scheduling of loading and unloading of crude oil. Better analysis of this activity gives rise to better use of a system's resources, as well as control of the entire supply chain. It is important that the crude oil is loaded and unloaded contiguously, primarily for security reasons (e.g. possibility of system failures) but also to reduce ...

E-procurement is electronic methods of conducting business transactions particularly purchasing activities. Many companies around the world have started to apply the technologies though there are still some which refuse to utilize them. The objective of this paper was to investigate the application of e-procurement technologies in managing purchasing activities among the Malaysian Palm Oil Indu...

Previous economic analyses focused on relationships between crude oil and natural gas markets centered primarily on demand-side considerations. We provide evidence that two important supply-side connections play important roles in understanding crude oil and natural gas market integration. First, crude oil production and natural gas production require a common capital input: rotary drilling rig...

this research studies the application of hybrid algorithms for predicting the prices of crude oil. brent crude oil price data and hybrid intelligent algorithm (time delay neural network, probabilistic neural network, and fuzzy logic) were used to build intelligent decision support systems for predicting crude oil prices. the proposed model was able to predict future crude oil prices from august...