Inventory Pinch Based Algorithm for Gasoline Blend Planning with Uncertainty in Components Qualities

In order to meet gasoline specifications, qualities of the blend components are analysed either in a lab or via on-line analysers. Deterministic gasoline blend planning assumes a quality of each blend component, even though there is an uncertainty associated with these qualities. In this work we present a chance constrained based methodology which enables a blend planner to decide what percent of the blends will meet specifications even if it …