Suppose each alternative in a capital investment decision can be represented as a cash flow without uncertainty, i.e., as a sequence of m + 1 real numbers. Then the problem of which financial criterion (e.g., present value, internal rate of return, return per unit expenditure, etc.) to use for...

This paper describes how linear programming models can be used to solve crude-oil producing problems for the purpose of economic planning of coordinated operations. Although the methods of linear programming have been used extensively in the oil industry, very little work has been reported to...