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 |
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| creator | Furman, Kevin C. Song, Jin-Hwa Kocis, Gary R. McDonald, Michael K. Warrick, Philip H. |
| description | 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. |
| doi_str_mv | 10.1287/inte.1100.0508 |
| format | Article |
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Optimizing these transportation costs by using modern mathematical programming technology can provide significant cost savings. 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| source | INFORMS PubsOnLine; Business Source Complete; Jstor Complete Legacy |
| subjects | 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 |
| title | Feedstock Routing in the ExxonMobil Downstream Sector |
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