Linear Programming in Refinery and Supply Planning (RF0)
The course gives a detailed understanding of how refineries are optimised according to market economics. It explains how refinery margins are calculated, in what way investment studies are evaluated and how to value crude oil products. It examines blending economics and looks at how these are affected by improved fuels' specifications. The course makes intensively use of linear programming models and teaches delegates how to interpret the messages from these LP models. Pre-reading material to this course covers the basics of the Linear Programming technique.
Who Should Attend
- Staff directly involved in business decisions which are supported by tools based on LP techniques
What You Will Learn
- Techniques of linear programming - data accuracy and the use of marginal values
- Long term planning and investment studies
- To calculate GPW, netbacks and refining margins and blend components economically
- To evaluate trading options
- calculate the value of crude oils, components, products and process added value
- The integrated optimisation of refinery operations and distribution
- The use of linear programming in refinery operations support
- shutdown planning and guidance for blending/effect of pooling
There are an extensive number of computer based LP studies for syndicate group work