Optimization of production allocation under price uncertainty : relating price model assumptions to decisions

Optimization of production allocation under price uncertainty : relating price model assumptions to decisions

Allocating production volumes across a portfolio of producing assets is a complex optimization problem. Each producing asset possesses different technical attributes (e.g. crude type), facility constraints, and costs. In addition, there are corporate objectives and constraints (e.g. contract deliver...

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Bibliographic Details
Main Author: Bukhari, Abdulwahab Abdullatif
Format: Others
Language:English
Published: 2011
Subjects:
Oil price model
Geometric Brownian Motion
Mean Reversion with jumps
Stochastic process
Decision analysis
Risk analysis
Value of information
VOI
Optimization
Uncertainty
Portfolio optimization
Crude type
Optimization under uncertainty
Risk solver platform
Gams
Linear programming
Non-linear programming
Operations research
Risk
Oil industry
Petroleum management
Online Access:http://hdl.handle.net/2152/ETD-UT-2011-08-3780

Internet

http://hdl.handle.net/2152/ETD-UT-2011-08-3780

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