Kevin C. Furman - Glen Gardner NJ, US Gary R. Kocis - Vienna VA, US Michael K. McDonald - Burke VA, US Philip H. Warrick - Oakton VA, US Marco A. Duran - Flemington NJ, US
Assignee:
ExxonMobil Research and Engineering Company - Annadale NJ
International Classification:
G06Q 10/00
US Classification:
705 8
Abstract:
An optimization system for transportation scheduling and inventory management of a bulk product from supply locations to demand locations is provided. The system has a mathematical model containing mathematical programming equations. In one embodiment, the objective function of the mathematical model is to minimize a cost basis of the product transported. The system also has a database system for data input that interfaces with the mathematical model. The last component of the system is a mathematical optimization solver that solves the equations provided by the mathematical model after the mathematical model receives data from the database system. As a result, the optimization system provides optimized or simulated results for the input data.