Desirable policies of a strategic petroleum reserve in coping with disruption risk: a Markov decision process approach

DOI10.1016/J.COR.2015.07.017MaRDI QIDQ342162zbMATH OpenOpenAlexFDO

Authors Y. Bai, P. Zhou, D. Q. Zhou, Fanyong Meng, K. Y. Ju

Publication date 17 November 2016

Published in Computers \& Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.cor.2015.07.017

zbMATH Keywords

Markov processesOR in energyoil supply disruptionstrategic petroleum reserve (SPR)

Mathematics Subject Classification ID

Case-oriented studies in operations research (90B90) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Markov and semi-Markov decision processes (90C40)

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Cites work

• A Dynamic Nash Game Model of Oil Market Disruption and Strategic Stockpiling
• Developing a market-based approach to managing the US strategic petroleum reserve
• Dynamic vehicle allocation control for automated material handling system in semiconductor manufacturing
• Modeling and optimization of a product-service system with additional service capacity and impatient customers

Cited in

(5)

• Robust investment decisions under supply disruption in petroleum markets
• Oil-importing optimal decision considering country risk with extreme events: a multi-objective programming approach
• On the optimal level of a small country's strategic petroleum reserve
• scientific article; zbMATH DE number 7232794 (Why is no real title available?)
• Developing a market-based approach to managing the US strategic petroleum reserve

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