A Probabilistic Model for Evaluating Capital Investment Proposals for Petroleum Refineries
Description:
The purpose of this study was to develop a probabilistic model that could be used by petroleum refiners to evaluate the economic potential of refinery capital investment proposals. The following two requirements were placed on the development at the outset: (1) that the model use linear programming to simulate refinery operations; and (2) that the model keep computer time within reasonable bounds. A probabilistic model was developed that requires the following steps for its application: (1) use…
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Date:
December 1972
Creator:
Martin, William Basil, Jr.
Partner:
UNT Libraries