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Article: Economical and balanced production in smart Petroleum Cyber–Physical System

TitleEconomical and balanced production in smart Petroleum Cyber–Physical System
Authors
KeywordsCyber–Physical Systems
Optimizations
Petroleum production
Social systems
Stochastic programming
Issue Date2019
Citation
Future Generation Computer Systems, 2019, v. 95, p. 364-371 How to Cite?
AbstractIn Petroleum Cyber–Physical Social workflows, monetary profit optimization is essential. In this work, a production optimization approach for the Petroleum Cyber–Physical System is proposed which spans the field production to the petroleum social market. Dynamic Programming technique, Linear Programming technique and Stochastic Programming technique are first utilized to improve the monetary profit for a single petroleum company. A market-driven petroleum social workflow aware production optimization technique is then proposed to facilitate profit optimization among multiple petroleum companies. The case study result shows that the monetary income can be increased up to 311.67% in an one year time span.
Persistent Identifierhttp://hdl.handle.net/10722/336211
ISSN
2023 Impact Factor: 6.2
2023 SCImago Journal Rankings: 1.946
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorChen, Xiaodao-
dc.contributor.authorFan, Junqing-
dc.contributor.authorHe, Qing-
dc.contributor.authorWang, Yuewei-
dc.contributor.authorLiu, Dongbo-
dc.contributor.authorHu, Shiyan-
dc.date.accessioned2024-01-15T08:24:30Z-
dc.date.available2024-01-15T08:24:30Z-
dc.date.issued2019-
dc.identifier.citationFuture Generation Computer Systems, 2019, v. 95, p. 364-371-
dc.identifier.issn0167-739X-
dc.identifier.urihttp://hdl.handle.net/10722/336211-
dc.description.abstractIn Petroleum Cyber–Physical Social workflows, monetary profit optimization is essential. In this work, a production optimization approach for the Petroleum Cyber–Physical System is proposed which spans the field production to the petroleum social market. Dynamic Programming technique, Linear Programming technique and Stochastic Programming technique are first utilized to improve the monetary profit for a single petroleum company. A market-driven petroleum social workflow aware production optimization technique is then proposed to facilitate profit optimization among multiple petroleum companies. The case study result shows that the monetary income can be increased up to 311.67% in an one year time span.-
dc.languageeng-
dc.relation.ispartofFuture Generation Computer Systems-
dc.subjectCyber–Physical Systems-
dc.subjectOptimizations-
dc.subjectPetroleum production-
dc.subjectSocial systems-
dc.subjectStochastic programming-
dc.titleEconomical and balanced production in smart Petroleum Cyber–Physical System-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.future.2018.12.014-
dc.identifier.scopuseid_2-s2.0-85060101229-
dc.identifier.volume95-
dc.identifier.spage364-
dc.identifier.epage371-
dc.identifier.isiWOS:000465509600030-

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