NDLI: Evaluating Refinery Supply Chain Policies and Investment Decisions Through Simulation-Optimization

Content Provider	IEEE Xplore Digital Library
Author	Lee Ying Koo Yuhong Chen Adhitya, A. Srinivasan, R. Karimi, I.A.
Copyright Year	2006
Description	Author affiliation: Dept. of Chem. & Biomolecular Eng., Nat. Univ. of Singapore (Lee Ying Koo; Yuhong Chen)
Abstract	The dynamic, non-linear, and complex nature of a supply chain with numerous interactions among its entities are best evaluated using simulation models. The optimization of such system is not amenable to mathematical programming approaches. The simulation-optimization method seems to be the most promising. In this paper, we look at a refinery supply chain simulation and attempt to optimize the refinery operating policies and capacity investments by employing a genetic algorithm. The refinery supply chain is complex with multiple, distributed, and disparate entities which operate their functions based on certain policies. Policy and investment decisions have significant impact on the refinery bottom line. To optimize them, we develop a simple simulation-optimization framework by combining the refinery supply chain simulator called integrated refinery in silico (IRIS) and genetic algorithm. Results indicate that the proposed framework works well for optimization of supply chain policy and investment decisions
Starting Page	1431
Ending Page	1437
File Size	208649
Page Count	7
File Format	PDF
ISBN	1424405009
DOI	10.1109/WSC.2006.323244
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2006-12-03
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Supply chains Investments Refining Petroleum Chemical processes Chemical engineering Genetic algorithms Production Mathematical programming Iris
Content Type	Text
Resource Type	Article

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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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