The ever-increasing complexity of the global marketplace is making optimization even more important to organizations. With easier access to such powerful tools, more companies are turning to optimization models to help make crucial decisions including tasks such as hedging strategies, storage management, allocating inventory, selecting transportation routes, product optionality, blending and optimizing portfolios.
See up to 5% of your annual revenue in additional profit.
Perhaps more than any other industry, oil and gas is consistently dealing with complex, volatile pricing. Plus, as you strive for maximum resource efficiency, there are innumerable resource trade-offs across functional areas, including exploration, production, refining, petrochemicals, logistics, and retail.
Then, there are renewables. You need to know when and how to effectively move to new sustainable energy sources, while also making sure that traditional energy sources are cleaner.
Ultimately, your challenge is to prepare for future uncertainties that may affect upstream, midstream, downstream, or a combination of these areas.
Combine an engineering-quality representation of your plant with an audit-quality representation of financials to find the design that maximizes net present value.
Pursue the most effective decisions to support operations, whether allocating maintenance crews to field assets or sending ships to marine terminals.
Optimize production and product mix to find the combination that maximizes financial outcomes, even as input costs and market prices change.
Evaluate investments against a realistic picture of the existing asset base to find the optimal combination that maximizes return on invested capital.
Respond to unplanned disruptions and new market developments in near real time with a plan that maximizes business performance.
Translate input cost and product price fluctuations into accurate operational and financial forecasts, driving higher confidence in new investments.
River Logic’s optimization-based prescriptive analytics solution creates a full picture of your asset base and allows you to easily define and explore alternative scenarios. This allows you to better understand difficult trade-off decisions that can have major impacts on revenue, cost, and profit. By connecting this picture with input costs, end-product prices, and your financial implications, you uncover hidden opportunities, manage risk, and improve performance.
How do we maximize production and throughput?
How do we optimize capacity use and product mix to maximize overall profit?
How can we ensure drilling crews are always working on the right priorities?
What are the routes and shipping assignments that maximize profit contribution?
What nominations should we make to secure capacity at lowest cost?
Not Sure if You’re Ready for Prescriptive Analytics? Request a Free Assessment.
It starts with a quick 20-minute call to see if prescriptive analytics could be applied in your business to deliver fast, transformational value. We’ll then help you understand if you have the data and the resources to move forward. Lastly, we’ll quantify the expected value.