Mare, R. de; Spliet, R.; Huisman, D. - Erasmus University Rotterdam, Econometric Institute - 2010
In the oil industry, different oil components are blended in a refinery to fuel products. These products are transported to different harbors by ship. Due to the limited storage capacity at the harbors and the undesirability of a stock-out, inventory levels at the harbors have to be taken into...