OPTIMIZATION PERSONTATION (for oil supply chain)

OPTIMIZATION PERSONTATION pptx

1. University of Technology Oil and Gas Engineering Department Stage: third Students Name: منتظر عصام سامي صلاح Outcome (4) An ability to communicate effectively with a range of audiences Marks Performance Indector for each outcome   20% Writting skills A   20% Verbal presentation skills B   20% content C   20% Organization D 20% Data presentation E   Total Marks   ROBUST OPTIMIZATION FOR OIL SUPPLY CHAIN RESILIENCE

2. TABLE OF CONTENT Introduction principle Advantage D I s A d v a n t a g e Example Reference Purpose Uses

3. INTRODUCTION In the oil industry, process improvement or optimization is an essential part of achieving optimal performance in terms of production, costs, and environmental safety. Optimization focuses on using resources in the best possible way to ensure maximum production at the lowest cost, by improving efficiency and reducing risks associated with various operations. The importance of optimization in the oil industry lies in several aspects: it increases productivity by improving drilling operations and extraction techniques, which enhances well productivity and exploits oil reservoirs. It also helps reduce operating costs by using more efficient technologies and resources, which reduces operating expenses and improves resource management. Optimization also contributes to enhancing safety by reducing risks associated with leaks, explosions, and pollution, through quality control and reducing the possibility of human and mechanical errors. In addition, optimization contributes to protecting the environment by reducing emissions and oil leaks, and using environmentally friendly technologies, which helps achieve long-term sustainability of oil resources and extends their life. Optimization techniques in this area include: optimizing drilling operations through directional and multiple drilling, managing oil reservoirs using reservoir modeling and production data analysis, and reducing logistics costs by improving supply chains and reducing unnecessary transportation.

4. PURPOSE Reduce Costs and Improve Profitability Achieving Sustainability in the Supply Chain Improve planning and decision-making Dealing with Uncertainty and Risk

5. PURPOSE Ensuring the availability of oil at stable prices Achieving a competitive advantage in the global market Reducing the environmental and social impacts of disruption

6. USES Emergency Planning and Risk Management Improve Inventory Management Identifying Suppliers and Partners Effective planning of transportation and logistics

7. USES Improving operational efficiency Demand forecasting and adaptation Sustainability and reducing emissions Achieving price stability and reducing market volatility

8. PRINCIPLES 4-Scenario Planning: Use scenario analysis to evaluate the impact of different risk events and develop contingency plans. 5-collaboration: Foster strong relationships with suppliers, customers, and other stakeholders to improve communication and coordination during disruptions 6-Technology Integration: Utilize advanced technologies like predictive analytics and real-time monitoring to enhance visibility and responsiveness 1-Risk Assessment: Identify potential risks, such as natural disasters, geopolitical events, and market fluctuations, that could impact the supply chain. 2-Redundancy and Flexibility: Incorporate redundancy in the supply chain by having multiple suppliers and alternative routes to ensure continuity in case of disruptions 3-Inventory Management: Maintain strategic emergency inventories to buffer against supply chain disruptions

9. ADVANTAGE 1-Enhanced Reliability: Ensures a stable supply of oil even when disruptions hit, minimizing downtime and losses. 2-Cost Efficiency: By optimizing for worst-case scenarios, companies can avoid costly emergency measures and last-minute fixes. 3-Risk Management: Helps anticipate potential issues and implement strategies to mitigate them before they escalate. 4-Flexibility and Adaptability: Allows the supply chain to quickly adapt to changing conditions, maintaining smooth operations. 5-Competitive Advantage: Companies with resilient supply chains can outperform competitors during crises and gain market share.

10. 1-Costly Implementation: Setting up a robust system can be expensive, involving high initial investments in technology and infrastructure. 2-Complexity: Managing multiple suppliers, alternative routes, and contingency plans can complicate operations and require sophisticated management. 3-Trade-offs: Sometimes, focusing too much on resilience can lead to overstocking or excess capacity, which ties up capital and can be inefficient. 4-Potential Overreaction: There's a risk of over-preparing for unlikely scenarios, which can divert resources from other critical areas. 5-Resistance to Change: Implementing these changes often requires shifting established practices and can face resistance from within the organization. DISADVANTAGE

11. EXAMPLE Scenario: An oil company operates in a region prone to natural disasters like hurricanes and earthquakes, which can disrupt supply routes and production facilities. Approach: Risk Assessment: The company identifies key risks, such as natural disasters, geopolitical tensions, and market volatility. Redundancy: They establish multiple supply routes and backup suppliers to ensure continuous supply even if one route is disrupted. Strategic Inventory: The company maintains emergency inventories at various locations to buffer against supply chain disruptions. Scenario Planning: They run simulations to understand the impact of different risk events and develop contingency plans.

12. EXAMPLE Technology Integration: Advanced predictive analytics and real-time monitoring systems are used to enhance visibility and responsiveness. Collaboration: Strong relationships with suppliers, customers, and local authorities are fostered to improve coordination during disruptions. Outcome: When a hurricane hits, the company can quickly switch to alternative supply routes and utilize emergency inventories, minimizing downtime and ensuring a stable supply of oil.

13. REFERENCE https://www.mdpi.com/2076-3417/14/20/9568 https://www.researchgate.net/ Resilience and sustainable supply chain network design by considering renewable energy https://pdfs.semanticscholar.org/2401/0e3a6dda6fe1c17224513c992301e7f03934.pdf

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