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 re-paired 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 re-pairment 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.