IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v103y2006i1p64-86.html
   My bibliography  Save this article

Financial risk management in the planning of refinery operations

Author

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

Abstract

No abstract is available for this item.

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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0925-5273(05)00152-0
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    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. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. 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.
    10. 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.
    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aouam, Tarik & Muthuraman, Kumar & Rardin, Ronal L., 2016. "Robust optimization policy benchmarks and modeling errors in natural gas," European Journal of Operational Research, Elsevier, vol. 250(3), pages 807-815.
    2. Ozelkan, Ertunga C. & D'Ambrosio, Alfred & Teng, S. Gary, 2008. "Optimizing liquefied natural gas terminal design for effective supply-chain operations," International Journal of Production Economics, Elsevier, vol. 111(2), pages 529-542, February.
    3. Fodstad, Marte & Midthun, Kjetil T. & Tomasgard, Asgeir, 2015. "Adding flexibility in a natural gas transportation network using interruptible transportation services," European Journal of Operational Research, Elsevier, vol. 243(2), pages 647-657.
    4. Psarras, John, 2016. "Multicriteria decision support to evaluate potential long-term natural gas supply alternatives: The case of GreeceAuthor-Name: Androulaki, Stella," European Journal of Operational Research, Elsevier, vol. 253(3), pages 791-810.
    5. Aouam, Tarik & Rardin, Ronald & Abrache, Jawad, 2010. "Robust strategies for natural gas procurement," European Journal of Operational Research, Elsevier, vol. 205(1), pages 151-158, August.
    6. Kazemi, Yasaman & Szmerekovsky, Joseph, 2015. "Modeling downstream petroleum supply chain: The importance of multi-mode transportation to strategic planning," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 83(C), pages 111-125.
    7. 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.
    8. Mel Devine & James Gleeson & John Kinsella & David Ramsey, 2014. "A Rolling Optimisation Model of the UK Natural Gas Market," Networks and Spatial Economics, Springer, vol. 14(2), pages 209-244, June.
    9. 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.
    10. Zhao, Xu & Wang, Jiawei & Lei, Shan, 2023. "Does regional natural gas supply produce a shortfall under transition from coal to gas? Case study in Jing-Jin-Ji Region," Energy Policy, Elsevier, vol. 174(C).
    11. Madjid Tavana & Kaveh Khalili-Damghani & Francisco J. Santos Arteaga & Arousha Hashemi, 2020. "A Malmquist productivity index for network production systems in the energy sector," Annals of Operations Research, Springer, vol. 284(1), pages 415-445, January.
    12. Mavrotas, George & Diakoulaki, Danae & Florios, Kostas & Georgiou, Paraskevas, 2008. "A mathematical programming framework for energy planning in services' sector buildings under uncertainty in load demand: The case of a hospital in Athens," Energy Policy, Elsevier, vol. 36(7), pages 2415-2429, July.
    13. Read, Laura & Madani, Kaveh & Mokhtari, Soroush & Hanks, Catherine, 2017. "Stakeholder-driven multi-attribute analysis for energy project selection under uncertainty," Energy, Elsevier, vol. 119(C), pages 744-753.
    14. Anthony Bopp, 2000. "Daily price adjustments in the U.S. market for natural gas," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 28(2), pages 254-265, June.
    15. Nicola Secomandi, 2010. "Optimal Commodity Trading with a Capacitated Storage Asset," Management Science, INFORMS, vol. 56(3), pages 449-467, March.
    16. Adrian Werner, Kristin Tolstad Uggen, Marte Fodstad, Arnt-Gunnar Lium, and Ruud Egging, 2014. "Stochastic Mixed-Integer Programming for Integrated Portfolio Planning in the LNG Supply Chain," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    17. Jensen, Hector A. & Maturana, Sergio, 2002. "A possibilistic decision support system for imprecise mathematical programming problems," International Journal of Production Economics, Elsevier, vol. 77(2), pages 145-158, May.
    18. Karina Copil & Martin Wörbelauer & Herbert Meyr & Horst Tempelmeier, 2017. "Simultaneous lotsizing and scheduling problems: a classification and review of models," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(1), pages 1-64, January.
    19. Devine, Mel T. & Bertsch, Valentin, 2018. "Examining the benefits of load shedding strategies using a rolling-horizon stochastic mixed complementarity equilibrium model," European Journal of Operational Research, Elsevier, vol. 267(2), pages 643-658.
    20. Rohaninejad, Mohammad & Hanzálek, Zdeněk, 2023. "Multi-level lot-sizing and job shop scheduling with lot-streaming: Reformulation and solution approaches," International Journal of Production Economics, Elsevier, vol. 263(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:103:y:2006:i:1:p:64-86. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.