Multicriteria modeling and tradeoff analysis for oil load dispatch and hauling operations at Noble energy

Alexander Engau, Casey Moffatt, Wesley Dyk

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

3 Citas (Scopus)

Resumen

Noble Energy produces and sells tens of thousands of barrels of oil a day in the Wattenberg field in northeastern Colorado, one of the largest natural gas deposits in the United States. This paper describes a new mathematical model that was built and implemented to support the company’s business decisions regarding its current and future sales, dispatch, and transportation operations. The corresponding multicriteria optimization model is formulated and solved as a multi-period, multi-objective mixed-integer program that considers the maximization of revenue and sales, and the avoidance of temporary production shut-ins and sell-outs to guarantee long-term contractual obligations with its partnering well owners, haulers, and markets. A theoretical tradeoff analysis is presented to validate model decisions with current operational practice, and a small computational case study on an original data set demonstrates the use of this model to find efficient dispatch schedules and gain further insights into the tradeoffs between the different decision criteria.

Idioma originalEnglish
Páginas (desde-hasta)73-101
Número de páginas29
PublicaciónOptimization and Engineering
Volumen16
N.º1
DOI
EstadoPublished - mar. 1 2015
Publicado de forma externa

Nota bibliográfica

Publisher Copyright:
© 2014, Springer Science+Business Media New York.

ASJC Scopus Subject Areas

  • Software
  • Civil and Structural Engineering
  • Aerospace Engineering
  • Mechanical Engineering
  • Control and Optimization
  • Electrical and Electronic Engineering

Huella

Profundice en los temas de investigación de 'Multicriteria modeling and tradeoff analysis for oil load dispatch and hauling operations at Noble energy'. En conjunto forman una huella única.

Citar esto

Engau, A., Moffatt, C., & Dyk, W. (2015). Multicriteria modeling and tradeoff analysis for oil load dispatch and hauling operations at Noble energy. Optimization and Engineering, 16(1), 73-101. https://doi.org/10.1007/s11081-014-9259-5