Feedstock Routing in the ExxonMobil Downstream Sector

Feedstock Routing in the ExxonMobil Downstream Sector

ExxonMobil annually transports significant volumes of vacuum gas oil (VGO) from supply points in Europe to refineries in the United States. Optimizing these transportation costs by using modern mathematical programming technology can provide significant cost savings. We developed a mixed-integer pro...

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Veröffentlicht in:Interfaces (Providence) 2011-03, Vol.41 (2), p.149-163
Hauptverfasser: Furman, Kevin C., Song, Jin-Hwa, Kocis, Gary R., McDonald, Michael K., Warrick, Philip H.
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
Catalytic cracking
Cost control
Cost engineering
Crude oil
Decision support systems
Demurrage
Economic aspects
Experiments
Freight
Gases
Gasoline
Hydrocarbons
Integer programming
Inventories
Inventory
Inventory control
Inventory management
inventory routing
Logistics
Management
maritime shipping
Mathematical analysis
Mathematical programming
Objective functions
Oil industry
Operating costs
Optimization
Petroleum industry
Petroleum refineries
Ports
Programming
Raw materials
Refineries
refinery feedstocks
Schedules
Scheduling
Scheduling (Management)
Shipping industry
Ships
Studies
Supply and demand
Supply chains
Transport economics
Transportation
Transportation costs
Travel time
U.S.A
Vacuum distillation
Western Europe
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Beschreibung
Zusammenfassung:ExxonMobil annually transports significant volumes of vacuum gas oil (VGO) from supply points in Europe to refineries in the United States. Optimizing these transportation costs by using modern mathematical programming technology can provide significant cost savings. We developed a mixed-integer programming formulation for VGO routing and inventory management, and we integrated it into a decision support tool to enable experienced traders and schedulers to further improve the performance of ExxonMobil's downstream supply chain.
ISSN:0092-2102
2644-0865
1526-551X
2644-0873
DOI:10.1287/inte.1100.0508