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Why Most capital asset teams in a refinery or a tank farm are aware of their capacity storage and constraints. What makes the problem more challenging is that there are numerous supply issues such as crude oil price sensitivity, the lead time for the crude supply, the socio-political uncertainty, and the environmental regulations. Whereas on the demand side the, product demand can be highly fluctuating across numerous products throughout the year. A refinery or a tank farm

Why All trucking companies have invoice data regarding the expenses and costs. These expenses could be broadly categorized as: variable costs (e.g. fuel, maintenance, labor) and fixed costs (e.g. lease payments). Most managers understand the trends of their operational costs and to a certain degree know the factors influencing the increase in costs. Their view of the operations is reactive in nature and may not help them reduce these costs unless they are proactive in prevent

This post provides an overview of the course offering problem and how it can be automated using modern quantitative tools.

Data driven decision support tools can be developed to benefit the academic leaders to improve student retention in higher ed institutions