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The Successful Deployment of Management Science Throughout Citgo Petroleum Corporation

Author

Listed:
  • Darwin Klingman

    (Graduate School of Business, The University of Texas at Austin, Austin, Texas 78712)

  • Nancy Phillips

    (Graduate School of Business, The University of Texas at Austin, Austin, Texas 78712)

  • David Steiger

    (D.S.I. Consulting, 8312 South Quebec Street, Tulsa, Oklahoma 74137)

  • Warren Young

    (Citgo Petroleum Corporation, One Warren Place, Box 3758, Tulsa, Oklahoma 74102)

Abstract

During 1984 and 1985, Citgo Petroleum Corporation invested in management science applications that involve (1) a comprehensive combination of mathematical programming, statistics, forecasting, expert systems, artificial intelligence, organizational theory, and cognitive psychology; (2) the support of top management and operational managers; (3) the involvement of diverse business areas, including acquisitions, refining, supply and distribution, market planning, accounts receivable and payable, inventory control, and individual performance objectives; (4) timely project development and implementation; and (5) integration of information systems and management science technologies, multiplying the potentials of each. These applications have changed the way Citgo does business and resulted in approximately $70 million per year profit improvement.

Suggested Citation

  • Darwin Klingman & Nancy Phillips & David Steiger & Warren Young, 1987. "The Successful Deployment of Management Science Throughout Citgo Petroleum Corporation," Interfaces, INFORMS, vol. 17(1), pages 4-25, February.
    • Handle: RePEc:inm:orinte:v:17:y:1987:i:1:p:4-25
    DOI: 10.1287/inte.17.1.4
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    Citations

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    Cited by:

    1. Ted Kutz & Mark Davis & Robert Creek & Nick Kenaston & Craig Stenstrom & Margery Connor, 2014. "Optimizing Chevron’s Refineries," Interfaces, INFORMS, vol. 44(1), pages 39-54, February.
    2. Ulstein, Nina Linn & Nygreen, Bjorn & Sagli, Jan Richard, 2007. "Tactical planning of offshore petroleum production," European Journal of Operational Research, Elsevier, vol. 176(1), pages 550-564, January.

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    Keywords

    industries: petroleum/natural gas;

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