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Financial risk management in the planning of refinery operations

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  • Pongsakdi, Arkadej
  • Rangsunvigit, Pramoch
  • Siemanond, Kitipat
  • Bagajewicz, Miguel J.

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Suggested Citation

  • Pongsakdi, Arkadej & Rangsunvigit, Pramoch & Siemanond, Kitipat & Bagajewicz, Miguel J., 2006. "Financial risk management in the planning of refinery operations," International Journal of Production Economics, Elsevier, vol. 103(1), pages 64-86, September.
    • Handle: RePEc:eee:proeco:v:103:y:2006:i:1:p:64-86
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    References listed on IDEAS

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    1. Liu, Ming Long & Sahinidis, Nikolaos V., 1997. "Process planning in a fuzzy environment," European Journal of Operational Research, Elsevier, vol. 100(1), pages 142-169, July.
    2. Escudero, Laureano F. & Quintana, Francisco J. & Salmeron, Javier, 1999. "CORO, a modeling and an algorithmic framework for oil supply, transformation and distribution optimization under uncertainty," European Journal of Operational Research, Elsevier, vol. 114(3), pages 638-656, May.
    3. Gothe-Lundgren, Maud & T. Lundgren, Jan & A. Persson, Jan, 2002. "An optimization model for refinery production scheduling," International Journal of Production Economics, Elsevier, vol. 78(3), pages 255-270, August.
    4. Guldmann, Jean-Michel & Wang, Fahui, 1999. "Optimizing the natural gas supply mix of local distribution utilities," European Journal of Operational Research, Elsevier, vol. 112(3), pages 598-612, February.
    5. Bopp, A. E. & Kannan, V. R. & Palocsay, S. W. & Stevens, S. P., 1996. "An optimization model for planning natural gas purchases, transportation, storage and deliverability," Omega, Elsevier, vol. 24(5), pages 511-522, October.
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    Citations

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    Cited by:

    1. Jaume Belles‐Sampera & Montserrat Guillén & Miguel Santolino, 2014. "Beyond Value‐at‐Risk: GlueVaR Distortion Risk Measures," Risk Analysis, John Wiley & Sons, vol. 34(1), pages 121-134, January.
    2. Ahmed, Sajjad & Elsholkami, Mohamed & Elkamel, Ali & Du, Juan & Ydstie, Erik B. & Douglas, Peter L., 2014. "Financial risk management for new technology integration in energy planning under uncertainty," Applied Energy, Elsevier, vol. 128(C), pages 75-81.
    3. Chen, Ruoran & Deng, Tianhu & Huang, Simin & Qin, Ruwen, 2015. "Optimal crude oil procurement under fluctuating price in an oil refinery," European Journal of Operational Research, Elsevier, vol. 245(2), pages 438-445.
    4. Bradley T. Ewing & Mark A. Thompson, 2018. "Modeling the Response of Gasoline-Crude Oil Price Crack Spread Macroeconomic Shocks," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 46(2), pages 203-213, June.
    5. Farahani, Mohsen & Rahmani, Donya, 2017. "Production and distribution planning in petroleum supply chains regarding the impacts of gas injection and swap," Energy, Elsevier, vol. 141(C), pages 991-1003.
    6. Cheng, Lingfeng & Anderson, C.L., 2017. "Too conservative to hedge: How much does a corn ethanol facility lose?," International Journal of Production Economics, Elsevier, vol. 193(C), pages 654-662.
    7. Ofer Zwikael & Mark Ahn, 2011. "The Effectiveness of Risk Management: An Analysis of Project Risk Planning Across Industries and Countries," Risk Analysis, John Wiley & Sons, vol. 31(1), pages 25-37, January.
    8. Bilgen, Bilge & Ozkarahan, Irem, 2007. "A mixed-integer linear programming model for bulk grain blending and shipping," International Journal of Production Economics, Elsevier, vol. 107(2), pages 555-571, June.
    9. Moradi Nasab, N. & Amin-Naseri, M.R., 2016. "Designing an integrated model for a multi-period, multi-echelon and multi-product petroleum supply chain," Energy, Elsevier, vol. 114(C), pages 708-733.
    10. Djeumou Fomeni, Franklin, 2018. "A multi-objective optimization approach for the blending problem in the tea industry," International Journal of Production Economics, Elsevier, vol. 205(C), pages 179-192.
    11. Hui Li & Kangyin Dong & Hongdian Jiang & Renjin Sun & Xiaoyue Guo & Yiqiao Fan, 2017. "Risk Assessment of China’s Overseas Oil Refining Investment Using a Fuzzy-Grey Comprehensive Evaluation Method," Sustainability, MDPI, vol. 9(5), pages 1-18, April.

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