Marco Duran

US Patent:

20080294484, Nov 27, 2008

Filed:

May 24, 2007

Appl. No.:

11/802616

Inventors:

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.