Exxonmobil Research and Engineering Company

Exxonmobil Chemical Patents Inc.

Michael K McDonald

Kevin C Furman

Philip H Warrick

Gary Robert Kocis

Jin-Hwa Song

Marco A Duran

Chad D Reimann

Yu F Wang

An optimization system for transportation scheduling and inventory management of a bulk product from supply locations to demand locations is provided. The system has a mathematical model containing mathematical programming equations. In one embodiment, the objective function of the mathematical model is to minimize a cost basis of the product transported. The system also has a database system for data input that interfaces with the mathematical model. The last component of the system is a mathematical optimization solver that solves the equations provided by the mathematical model after the mathematical model receives data from the database system. As a result, the optimization system provides optimized or simulated results for the input data.

System for optimizing transportation scheduling and inventory management of bulk product from supply locations to demand locations

A computer application loaded on a computer readable medium, a computer apparatus comprising the same, and process employing the same, is described herein. The computer application, when executed, causes a computer to optimize, for maximum net profit margin, the product allocation, transportation routing, transportation vehicle/route scheduling and, optionally, blending, of bulk products that are produced by and loaded from supply locations and delivered to and consumed by demand locations, using a heterogeneous fleet of transportation vehicles over a pre-defined period of time.

System for optimizing bulk product allocation, transportation and blending

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Burke, VA, United States of America

Michael K McDonald