Optimal Investment in the Development of Oil and Gas Field

Adil Erzin, Roman Plotnikov, Alexei Korobkin, Gregory Melidi, Stepan Nazarenko

Результат исследования: Публикации в книгах, отчётах, сборниках, трудах конференцийстатья в сборнике материалов конференциинаучнаярецензирование

1 Цитирования (Scopus)

Аннотация

Let an oil and gas field consists of clusters in each of which an investor can launch at most one project. During the implementation of a particular project, all characteristics are known, including annual production volumes, necessary investment volumes, and profit. The total amount of investments that the investor spends on developing the field during the entire planning period we know. It is required to determine which projects to implement in each cluster so that, within the total amount of investments, the profit for the entire planning period is maximum. The problem under consideration is NP-hard. However, it is solved by dynamic programming with pseudopolynomial time complexity. Nevertheless, in practice, there are additional constraints that do not allow solving the problem with acceptable accuracy at a reasonable time. Such restrictions, in particular, are annual production volumes. In this paper, we considered only the upper constraints that are dictated by the pipeline capacity. For the investment optimization problem with such additional restrictions, we obtain qualitative results, propose an approximate algorithm, and investigate its properties. Based on the results of a numerical experiment, we conclude that the developed algorithm builds a solution close (in terms of the objective function) to the optimal one.

Язык оригиналаанглийский
Название основной публикацииMathematical Optimization Theory and Operations Research - 19th International Conference, MOTOR 2020, Revised Selected Papers
РедакторыYury Kochetov, Igor Bykadorov, Tatiana Gruzdeva
ИздательSpringer Science and Business Media Deutschland GmbH
Страницы336-349
Число страниц14
ISBN (печатное издание)9783030586560
DOI
СостояниеОпубликовано - июл 2020
Событие19th International Conference on Mathematical Optimization Theory and Operations Research,MOTOR 2020 - Novosibirsk, Российская Федерация
Продолжительность: 6 июл 202010 июл 2020

Серия публикаций

НазваниеCommunications in Computer and Information Science
Том1275 CCIS
ISSN (печатное издание)1865-0929
ISSN (электронное издание)1865-0937

Конференция

Конференция19th International Conference on Mathematical Optimization Theory and Operations Research,MOTOR 2020
СтранаРоссийская Федерация
ГородNovosibirsk
Период06.07.202010.07.2020

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