Modelling the supply chain swap problem in the petroleum industry
by Raed Al-Husain, Tiravat Assavapokee, Basheer Khumawala
International Journal of Applied Decision Sciences (IJADS), Vol. 1, No. 3, 2008

Abstract: This paper is motivated by the need for developing well-structured methodologies and mechanisms that enable an efficient coordination of swap/exchange transactions among same-level supply chain partners in the petroleum and energy industries. A mathematical model that can capture the complexity in the swap transactions between two companies is presented. The model is then applied to a real case study from the petrochemicals industry, and the solutions of the model are evaluated and their performances are compared to those of current industry practices.

Online publication date: Thu, 13-Nov-2008

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