Description:
VDM Verlag Dr. Müller, 2008. CX3 - A paperback book in very good condition that has some bumped corners, light discoloration and shelf wear. A Hybrid of Stochastic Programming Approaches with Economic and Operational Risk Management. 9"x6", 288 pages. Satisfaction Guaranteed. This work proposes a hybrid of stochastic programming (SP) approaches for an optimal midterm refinery planning that addresses three forms of uncertainties: prices of crude oil and products, demands, and yields. An SP technique that utilizes compensating slack variables is employed to explicitly account for constraint violations to increase model tractability. Four approaches are considered to achieve solution and model robustness: (1) the Markowitz's mean-variance (MV) model to handle randomness in the objective coefficients by minimizing the variance (economic risk) of the expected value of the random coefficients; (2) the two-stage SP with fixed recourse to deal with randomness in the RHS and LHS coefficients…
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Optimization Strategies: Petroleum Refinery Planning under Uncertainty Paperback - 2008
by Cheng Seong Khor
Details
- Title Optimization Strategies: Petroleum Refinery Planning under Uncertainty
- Author Cheng Seong Khor
- Binding Paperback
- Pages 328
- Volumes 1
- Language ENG
- Publisher VDM Verlag Dr. Mueller E.K.
- Date 2008-09
- ISBN 9783836477925 / 3836477920
- Weight 0.97 lbs (0.44 kg)
- Dimensions 9 x 6 x 0.69 in (22.86 x 15.24 x 1.75 cm)
- Dewey Decimal Code 665.53
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Optimization Strategies: Petroleum Refinery Planning Under Uncertainty
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Optimization Strategies: Petroleum Refinery Planning under Uncertainty
by Cheng Seong Khor
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