Ontology highlight
ABSTRACT:
SUBMITTER: Fernandez Perez MA
PROVIDER: S-EPMC6156096 | biostudies-literature | 2018 Jun
REPOSITORIES: biostudies-literature
Fernández Pérez Miguel A MA Oliveira Fabricio F Hamacher Silvio S
Industrial & engineering chemistry research 20180511 22
We present deterministic and stochastic programming models for the workover rig problem, one of the most challenging problems in the oil industry. In the deterministic approach, an integer linear programming model is used to determine the rig fleet size and schedule needed to service wells while maximizing oil production and minimizing rig usage cost. The stochastic approach is an extension of the deterministic method and relies on a two-stage stochastic programming model to define the optimal r ...[more]