A dynamic programming approach for resource allocation in oil and gas industry

Abstract

Maintenance engineering plays an important role in management of oil and gas projects. This paper presents a dynamic programming approach for resource allocation in oil and gas projects. The study presents a dynamic programming approach to allocate human resources for repairment of oil and gas equipment. Many heavy equipment normally needs to be repaired on predetermined scheduled and the process normally takes days or even weeks. The process can be divided into three stages of disassembling the equipment, executing the repairment and assembling the equipment. The proposed model of this paper models the problem into a classical dynamic programming and using a real-world case study, the implementation of the proposed model is described.

Keywords

• Dynamic programming
• Project Management
• Oil and gas