Fundamentals of Refinery Planning and Economic Optimization

PSC Domain Training
To Enhance your comprehensive understanding of the application of Linear Programming (LP) modelling techniques and their impact on refinery economics.

Audience:



Training Details

  • Course Id:

    CRPA101

  • Duration:

    0.5 day(s)

  • CEUs Awarded:

    0.4

  • Level:

    Introductory

Benefits

Aspen Tech is excited to offer a brand-new training that combines domain practice on linear programming, production planning, and refinery economy. Delivered by domain expert from Aspen Tech, the participants will learn some real-life key points that has great impact on maximizing refinery gross margin. We will also discuss the best practices on LP model tuning, assay management, cut-point optimization, and methods to increase the overall model accuracy.

Agenda

Part I: LP Fundamentals

  • Linear Programming Concepts
  • Simulation versus Optimization
  • Refinery Model Building
  • Marginal Values
  • Long Term Planning
  • Crude Purchasing
  • Use of LPs in Refinery Operations Support
  • Basic Data Generation for Planning Applications
  • Use of LPs for Post-Mortem Studies
  • Best Practices for LP

Part II: Refinery Economics
 
  • Role of the Refinery Economist
  • Refinery Costs and Margins
  • Product Costing and Valuation
  • Valuation of refinery fuels
  • Cost of quality
  • Crude Availability & Valuation
  • The Art of Scheduling
  • Implementing Economic Drivers
  • Communicating the Plan

 

 

 

 

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Aspen Technology, Inc. awards Continuing Education Units (CEUs) for training classes conducted by our organization. One CEU is granted for every 10 hours of class participation.