A game theoretic framework for petroleum refinery strategic production planning

Abstract

A game theoretic framework for strategic refinery production planning is presented in which strategic planning problems are formulated as non‐cooperative potential games whose solutions represent Nash equilibria. The potential game model takes the form of a nonconvex nonlinear program (NLP) and we examine an additional scenario extending this to a nonconvex mixed integer nonlinear program (MINLP). Tactical planning decisions are linked to …