Analysis model to find the balance between investments, market requirements and composition and availability of raw materials.
This major global oil producer and refinery required a tool for allowing an on-going evaluation of various scenarios, to allow them to find the correct balance between investments, market requirements and composition and availability of raw materials. Powersim developed a simulation model that gives a better overview of their value chain, as well as opportunity to run scenarios for comparing various market and production alternatives.
The modelling team designed the logical parts of the system as “Components” (ref. Studio Help documentation) – a structure that can be dragged-and-dropped into a simulation project. Each component contains a generic model containing the dynamics and equations for describing a specific part of the production line or technology for dealing with the gas.
The modelling team can now efficiently test, validate and define operational scenarios for various structures and compare the production and financial key parameters of the various scenarios. Examples of components are different market components where the gas is either distributed to gasoline stations or to private households. This model runs parallel scenarios, where each scenario use a different marketing component. The user can thus compare the scenarios to analyze short and long-term benefits or see if there are drawbacks of the various solutions.