Two-stage stochastic programming with fixed recourse via scenario planning with economic and operational risk management for petroleum refinery planning under uncertainty
This work proposes a hybrid of stochastic programming (SP) approaches for an optimal midterm refinery planning that addresses three sources of uncertainties: prices of crude oil and saleable products, demands, and yields. An SP technique that utilizes compensating slack variables is employed to expl...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://scholars.utp.edu.my/id/eprint/239/ http://scholars.utp.edu.my/id/eprint/239/1/paper.pdf |