Traditional oilfields face increasing extraction challenges, primarily due to reservoir quality degradation and production decline, which are further exacerbated by volatile international crude oil prices—illustrated...Traditional oilfields face increasing extraction challenges, primarily due to reservoir quality degradation and production decline, which are further exacerbated by volatile international crude oil prices—illustrated by Brent Crude’s trajectory from pandemic-induced negative pricing to geopolitically driven surges exceeding USD 100 per barrel. This study addresses these complexities through an integrated methodological framework applied to medium-permeability sandstone reservoirs in the Xinjiang oilfield by combining advanced numerical simulations with multivariate regression analysis. The methodology employs Latin Hypercube Sampling (LHS) to stratify geological parameter distributions and constructs heterogeneous reservoir models using Petrel software, rigorously validated through historical production data matching. Production forecasting integrates numerical simulation and Decline Curve Analysis (DCA), while investment estimation utilizes Ordinary Least Squares (OLS) regression to correlate engineering parameters with drilling and completion costs. Economic evaluation incorporates Discounted Cash Flow (DCF) modeling and breakeven analysis, establishing techno-economic boundaries via oil price sensitivity analysis ranging from USD 40 to 90 per barrel. Visualization tools, including 3D heatmaps, delineate nonlinear interactions among engineering, geological, and investment datasets under economic constraints. Key findings demonstrate that for the target reservoirs, as oil prices increase from USD 40 to USD 90 per barrel, the minimum economic thickness threshold decreases from approximately 5.7 m to about 2.5 m, with model prediction errors consistently below 25% across validation datasets. This framework provides scientifically grounded decision support for optimizing capital allocation and offers actionable insights to enhance undeveloped hydrocarbon development planning amid market uncertainty. Ultimately, it supports national energy security through technically robust and economically viable resource exploitation strategies.展开更多
Supply chain management coordinates different strategies for the production system.The manufacturer requires some incentive schemes to motivate the retailer to change his policy,optimal for the whole system.This paper...Supply chain management coordinates different strategies for the production system.The manufacturer requires some incentive schemes to motivate the retailer to change his policy,optimal for the whole system.This paper suggests a discount mechanism by which companies can coordinate their ordering and pricing strategies throughout a supply chain model with a single manufacturer and single retailer.Also,the demand curve is iso-elastic price sensitive.Channel members have decided their selling price and order quantity jointly and independently to maximize the supply chain profit.A coordination mechanism is proposed based on quantity discounts to correlate pricing and ordering strategies simultaneously.The decentralized case is analyzed under the manufacturer-Stackelberg game approach.The result of numerical investigation shows that the suggested discount mechanism has improved the supply chain profit as well as each channel member’s profit in comparison with the centralized and decentralized decisions without discount.展开更多
In a declining market for goods,we optimize the net profit in business when inventory management allows change in the selling prices n times over time horizon.We are computing optimal number of changes in prices,respe...In a declining market for goods,we optimize the net profit in business when inventory management allows change in the selling prices n times over time horizon.We are computing optimal number of changes in prices,respective optimal prices,and optimal profit in each of the cycle for a deteriorating product.This paper theoretically proves that for any business setup there exists an optimal number of price settings for obtaining maximum profit.Theoretical results are supported by numerical examples for different setups(data set)and it is found that for every setup the dynamic pricing policy out-performs the static pricing policy.In our model,the deterioration factor has been taken into consideration.The deteriorated units are determined by the recurrence method.Also we studied the effect of different parameters on optimal policy with simulation.For managerial purposes,we have provided some“suggested intervals”for choosing parameters depending upon initial demand,which help to predict the best prices and arrival of customers(demand).展开更多
文摘Traditional oilfields face increasing extraction challenges, primarily due to reservoir quality degradation and production decline, which are further exacerbated by volatile international crude oil prices—illustrated by Brent Crude’s trajectory from pandemic-induced negative pricing to geopolitically driven surges exceeding USD 100 per barrel. This study addresses these complexities through an integrated methodological framework applied to medium-permeability sandstone reservoirs in the Xinjiang oilfield by combining advanced numerical simulations with multivariate regression analysis. The methodology employs Latin Hypercube Sampling (LHS) to stratify geological parameter distributions and constructs heterogeneous reservoir models using Petrel software, rigorously validated through historical production data matching. Production forecasting integrates numerical simulation and Decline Curve Analysis (DCA), while investment estimation utilizes Ordinary Least Squares (OLS) regression to correlate engineering parameters with drilling and completion costs. Economic evaluation incorporates Discounted Cash Flow (DCF) modeling and breakeven analysis, establishing techno-economic boundaries via oil price sensitivity analysis ranging from USD 40 to 90 per barrel. Visualization tools, including 3D heatmaps, delineate nonlinear interactions among engineering, geological, and investment datasets under economic constraints. Key findings demonstrate that for the target reservoirs, as oil prices increase from USD 40 to USD 90 per barrel, the minimum economic thickness threshold decreases from approximately 5.7 m to about 2.5 m, with model prediction errors consistently below 25% across validation datasets. This framework provides scientifically grounded decision support for optimizing capital allocation and offers actionable insights to enhance undeveloped hydrocarbon development planning amid market uncertainty. Ultimately, it supports national energy security through technically robust and economically viable resource exploitation strategies.
文摘Supply chain management coordinates different strategies for the production system.The manufacturer requires some incentive schemes to motivate the retailer to change his policy,optimal for the whole system.This paper suggests a discount mechanism by which companies can coordinate their ordering and pricing strategies throughout a supply chain model with a single manufacturer and single retailer.Also,the demand curve is iso-elastic price sensitive.Channel members have decided their selling price and order quantity jointly and independently to maximize the supply chain profit.A coordination mechanism is proposed based on quantity discounts to correlate pricing and ordering strategies simultaneously.The decentralized case is analyzed under the manufacturer-Stackelberg game approach.The result of numerical investigation shows that the suggested discount mechanism has improved the supply chain profit as well as each channel member’s profit in comparison with the centralized and decentralized decisions without discount.
文摘In a declining market for goods,we optimize the net profit in business when inventory management allows change in the selling prices n times over time horizon.We are computing optimal number of changes in prices,respective optimal prices,and optimal profit in each of the cycle for a deteriorating product.This paper theoretically proves that for any business setup there exists an optimal number of price settings for obtaining maximum profit.Theoretical results are supported by numerical examples for different setups(data set)and it is found that for every setup the dynamic pricing policy out-performs the static pricing policy.In our model,the deterioration factor has been taken into consideration.The deteriorated units are determined by the recurrence method.Also we studied the effect of different parameters on optimal policy with simulation.For managerial purposes,we have provided some“suggested intervals”for choosing parameters depending upon initial demand,which help to predict the best prices and arrival of customers(demand).
