Authors :
Vedant Parekh; Utkarsh Narayan Singh; Vaaniya Lodhi; Vanshika Jain; Yugansh Pawah; Tanishka Sharma
Volume/Issue :
Volume 7 - 2022, Issue 9 - September
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3rexSfE
DOI :
https://doi.org/10.5281/zenodo.7117855
Abstract :
In the following bibliometric research paper,
we have solely focused on applications of various
methodologies of operations research focused on the
addition, contributions, methodological focuses, and
findings related to the oil industry. Starting from the
1940s to most recent publications available the authors
and most relevant papers have been chosen and their
contributions specified to provide complete information
about their methodological work and the reasons they
did it. To give a regressing brief about the paper our
major findings include the MOEA, DOSC and Simplex
methods and how they currently affect the oil industry
along with what other questions our paper creates like
how Covid-19 would affect the functioning/ working of
these methods. To regress to the previous point that
states a summary concluding our findings. Followed by
the 4 most important methodologies and their
applications in certain sectors within optimization
withing the oil industry. This is then backed by our list
of reviewed articles and what is stated within them to
support the findings within the paper. Lastly the
introduction consists of the issues and errors that
created the need for these methods to be applied in the
industry. This paper doesn’t prove any hypothesis or
work on filling gaps within the industry instead gives a
competent collection of data over the years that have
been slowly solving these problems and how they could
help people identify other problems to solve after having
detailed knowledge of most existing methods used within
the oil industry.
Keywords :
Optimization, Energy, Operations Research, Supply chain management, Oil industry, logistics, Transportation.
In the following bibliometric research paper,
we have solely focused on applications of various
methodologies of operations research focused on the
addition, contributions, methodological focuses, and
findings related to the oil industry. Starting from the
1940s to most recent publications available the authors
and most relevant papers have been chosen and their
contributions specified to provide complete information
about their methodological work and the reasons they
did it. To give a regressing brief about the paper our
major findings include the MOEA, DOSC and Simplex
methods and how they currently affect the oil industry
along with what other questions our paper creates like
how Covid-19 would affect the functioning/ working of
these methods. To regress to the previous point that
states a summary concluding our findings. Followed by
the 4 most important methodologies and their
applications in certain sectors within optimization
withing the oil industry. This is then backed by our list
of reviewed articles and what is stated within them to
support the findings within the paper. Lastly the
introduction consists of the issues and errors that
created the need for these methods to be applied in the
industry. This paper doesn’t prove any hypothesis or
work on filling gaps within the industry instead gives a
competent collection of data over the years that have
been slowly solving these problems and how they could
help people identify other problems to solve after having
detailed knowledge of most existing methods used within
the oil industry.
Keywords :
Optimization, Energy, Operations Research, Supply chain management, Oil industry, logistics, Transportation.
