Using stochastic model for lower financial risk management in refinery operation planning

Most Refineries historically models are deterministic, that is, they use nominal parameter values without taking into consideration the uncertainty in process, demands, refinery parameters, etc. And as a consequence, they are unable to perform risk management. In this paper a variety of methodolog...

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Bibliographic Details
Main Authors: Abduljabbar, Waleed K., Tahar, Razman M.
Format: Conference or Workshop Item
Language:English
Published: 2010
Subjects:
Online Access:http://repo.uum.edu.my/4142/1/Wa.pdf
http://repo.uum.edu.my/4142/
http://cob.uum.edu.my/ictom
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