A decision-support model for managing the fuel inventory of a Panamanian generating company
Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2004.
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| Format: | Thesis |
| Language: | en_US |
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Massachusetts Institute of Technology
2005
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| Online Access: | http://hdl.handle.net/1721.1/28507 |
| _version_ | 1826215878615629824 |
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| author | Perez-Franco, Roberto, 1976- |
| author2 | Stephen Graves. |
| author_facet | Stephen Graves. Perez-Franco, Roberto, 1976- |
| author_sort | Perez-Franco, Roberto, 1976- |
| collection | MIT |
| description | Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2004. |
| first_indexed | 2024-09-23T16:38:28Z |
| format | Thesis |
| id | mit-1721.1/28507 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T16:38:28Z |
| publishDate | 2005 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/285072019-04-12T13:47:58Z A decision-support model for managing the fuel inventory of a Panamanian generating company Perez-Franco, Roberto, 1976- Stephen Graves. Massachusetts Institute of Technology. Engineering Systems Division. Massachusetts Institute of Technology. Engineering Systems Division. Engineering Systems Division. Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2004. Includes bibliographical references (leaf 89). Bahia Las Minas Corp (BLM) is a fuelpowered generating company in the Panamanian power system. The purpose of this thesis is to design and evaluate a decision-support model for managing the fuel inventory of this company. First, we research BLM and its fuel replenishment methods. Then we define the problem, its objective function, assumptions, parameters and constraints. After identifying the most important given information (fuel price forecast, demand forecast, and current inventory levels), we define the equations that relate these inputs with the order sizes, and the availability and reserve constraints. Due to the large number of constraints, we devise a mechanism to calculate lower limits for the aggregate order sizes that prevent violations of the constraints beyond user-defined limits. We prepare a model in Excel for use with a single fuel type. This model takes stochastic forecasts of demand and fuel prices, and determines the best size for the weekly fuel order. After testing the model under several different scenarios, we conclude that it responds correctly to changes in price and demand. The complete discussion of these results can be found in the body of the thesis. Finally, we present some recommendations for BLM, both in relation to this replenishment problem and to its supply chain in general. by Roberto Perez-Franco. M.Eng.in Logistics 2005-09-26T20:55:39Z 2005-09-26T20:55:39Z 2004 2004 Thesis http://hdl.handle.net/1721.1/28507 57340972 en_US M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 89 leaves 4537302 bytes 4547143 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Engineering Systems Division. Perez-Franco, Roberto, 1976- A decision-support model for managing the fuel inventory of a Panamanian generating company |
| title | A decision-support model for managing the fuel inventory of a Panamanian generating company |
| title_full | A decision-support model for managing the fuel inventory of a Panamanian generating company |
| title_fullStr | A decision-support model for managing the fuel inventory of a Panamanian generating company |
| title_full_unstemmed | A decision-support model for managing the fuel inventory of a Panamanian generating company |
| title_short | A decision-support model for managing the fuel inventory of a Panamanian generating company |
| title_sort | decision support model for managing the fuel inventory of a panamanian generating company |
| topic | Engineering Systems Division. |
| url | http://hdl.handle.net/1721.1/28507 |
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