OPTIMAL CONTROL OF OIL AND GAS SUPPLY CHAIN WITH APPLICATIONS TO THE LOUISIANA OFFSHORE OIL PORT (LOOP)

摘要

The oil and gas industry plays a critical role the world's business sector today, and this necessarily involves huge financial flows that have a significant impact on the global economy. In general, heavy hydrocarbons contain most energy and are more valuable (Ulstein et al, 2007). Many challenges influence the nature of the supply chain in the oil industry—complex characteristics, lengthy lead-time, and limited distribution capacity at the different levels in the supply chain are all solvable by oil and gas supply chain management. The common concern along the links in the supply chain are the economics of weighing benefits versus costs along the chain. Economic shock or political changes that have an impact on the price of the oil are other challenges that cause unexpected situations. Any disruptions in the supply chain in the oil and gas industry can cause a huge impact on this industry and the economy. Therefore, optimization of supply chain models within the oil and gas context is critical for smooth and uninterrupted operation of oil flow.