Two-stage stochastic programming with fixed recourse via scenario planning with economic and operational risk management for petroleum refinery planning under uncertainty

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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...

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Bibliographic Details
Main Authors:	C.S., Khor, A., Elkamel, K., Ponnambalam, P.L., Douglas
Format:	Article
Language:	English
Published:	2008
Subjects:	TP Chemical technology
Online Access:	http://scholars.utp.edu.my/id/eprint/239/ http://scholars.utp.edu.my/id/eprint/239/1/paper.pdf

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