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Essay

OIl Refinery

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Issue:

Miscellaneous

 

Written by:

Michael R

 

Date added:

March 26, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 578

 

Was viewed:

8148 times

 

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Essay content:

The use and development of Linear Programming has been of great value to the industry. For example, the process of selecting the right crude is linked not only to transportation costs involved in delivering it to the refinery, but it must take into consideration the refinery configuration, capabilities and constraints in converting the crude into products, as well as the product volume and price fluctuations...
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In the case of the petroleum industry, those factors are crude selection, crude transportation, crude processing and product demands. Crude selection is a very important factor since the cost of the crude accounts for about 90% of the refinery input cost. Therefore, the selection of the optimum crude mix is very important to achieve the highest profit margins...
displayed 300 characters

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