Dynamic Pricing for Retail Fuels

Business pressure and pricing process complexities demand a pricing decision support system. The right type of calculation engine with the flexibility of multiple techniques and supporting processes is a business imperative. The... pricing system depends on the intelligence of the calculation engine to solve complex scenarios by using price-sensitivity information. Knowledge of price-sensitivity enables retailers to alter prices dynamically across sites to maximize revenue. This paper describes complexities in the pricing process and offers different approaches for daily pricing of retail fuels.

Next-Generation Refinery Scheduling

Refinery scheduling is a critical link in implementing a refinery operation plan. Several scheduling tools and applications are available in the market. Next-generation scheduling solutions must go beyond modern scheduling products. Originally appeared in Hydrocarbon Processing. September 2006 issue. Used with permission. www.HydrocarbonProcessing.com

 

Utilizing Technology to Provide Cost-Effective Energy for a Sustainable Future

Reserves replacement by leading energy companies barely keeps pace with production. The business challenges are the result of forces of demand and supply. To meet energy requirements of the global economy, new techniques for... finding energy and new sources of energy will be required. It will demand the use of technology across multiple disciplines, including nanotechnology and chemistry. IT will facilitate innovations and provide capabilities to expedite the R & D phase and increase efficiencies in the manufacturing and construction phases. This paper identifies key technologies that will be used to meet future energy demands and spells out the role of IT.

Business Process Mapping for Enterprise Integration

Oil and gas companies must adopt enterprise integration to improve the ROI of their existing IT investments. The refining and downstream business includes several integration requirements within manufacturing management, supply chain ... management, supply chain integration and e-Commerce. In addition, there are integration issues associated with data, applications, standards and methodologies. These issues emerge in the path of justifying integration investments or executing successful integration. Business process mapping is one of the methodologies to ensure the success of enterprise integration initiatives.

Modular Global Sourcing - An Imperative for the ETRM Industry

Lack of scalability of the IT delivery organization has become a major impediment to achieving synergies across Energy Trading and Risk Management (ETRM) initiatives. Global sourcing can provide a solution to scale requirements... However, it needs to be undertaken in a modular fashion. CIOs need to collaborate with the business and sourcing partners to devise a strategic approach to Modular Global Sourcing and must enforce an enterprise-wide business-IT alignment.

Energy Trading and Risk Management - Top Five IT Imperatives

The post-Enron disruption and the ensuing consolidation in the energy trading industry have not only laid the foundation for robust growth in trading, but also brought about a paradigm shift in the way IT is leveraged by the industry... As a result of a strong focus on compliance, control, real-time risk management, efficiencies and change management, the key IT imperatives are: Legacy application reengineering, master data alignment, robust trade capture functionality, scalable integration infrastructure and scalable funding and resourcing of the IT function. Once this is accomplished, energy trading firms will be strongly positioned to create an IT roadmap, enabling a scalable, flexible and integrated infrastructure for business.

Refinery Supply Chain Management Solutions

Advanced refinery planning requires the ability to respond rapidly to changes in the market or refinery capacity. Traditional methods for running linear planning tools rely on time-consuming processes for data collection, verification and situation analysis, resulting... in delayed decisions. Rapid and informed decision-making requires integrating plant, trading and marketing data. Infosys proposes refinery planning data integration by utilizing an enterprise portal approach. Portals serve as a point of integration for data collection from both internal sources and external partners, perform analytics and generate proactive alerts and reports on demand to a variety of users, in a secure manner.

Integrating Plant, Trading and Marketing Data with Refinery Planning - Using an Enterprise Portal

Infosys shares a presentation made at the AspenTech India Refinery Planning and Scheduling Seminar 2004.

Supply Chain Management in Oil Downstream Distribution Business: A Perspective on IT Alternatives and Issues

The oil downstream distribution segment is increasingly adopting a range of supply chain solutions. However, the unpredictability of prices and margins and long lead times make the process extremely challenging. This paper describes the complexities of applying such solutions.

Performance Monitoring in a Refinery, using Linear Programming tools

The use of Linear Programming (LP) tools for both long-term planning and day-to-day scheduling is fairly common in refineries. However, there are variations between the LP run plan output and actual operations... The use of LP tools is one of the best ways to identify and quantify these variations. Depending on the level of business and IT tools adoption in an organization, the challenges can be either in making a 'retro' LP model or in defining the framework for performance evaluation or in data consolidation and validation for the LP run. In terms of benefits, apart from the obvious benefits of performance monitoring, use of the same LP model which was used for planning helps in fine tuning the model itself and helps in identifying further areas of GRM boosting.

 

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