A class of nonlinear multi-objective mixed integer programming model for oil and gas portfolio and algorithm solution

Author:

Yan Wei1ORCID

Affiliation:

1. Research Institute of Petroleum Exploration and Development, PetroChina, Beijing, P.R. China

Abstract

This paper is concerned with the oil & gas assets portfolio. A multi-objective portfolio model of oil & gas assets is studied from two perspectives—scale and revenue. Considering the nonlinear and integer constraints in the model, a class of oil & gas assets portfolio model of nonlinear multi-objective mixed integer programming is established. The weight of the multi-objective is solved by the support vector machine model. A hybrid genetic algorithm, which uses the position displacement strategy of the particle swarm optimizer as a mutation operation, is applied to the optimization model. Finally, two examples are applied to verify the effectiveness of the model and algorithm.

Publisher

SAGE Publications

Subject

Energy Engineering and Power Technology,Fuel Technology,Nuclear Energy and Engineering,Renewable Energy, Sustainability and the Environment

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