RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT
Owner of drilling rigs should employ highly professional officers, who are capable to manage profit-orientated operations at all stages and make accurate analyses of the next three questions: how to deploy drilling crews to achieve the highest financial result; which kinds of equipment are compatibl...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Faculty of Mining, Geology and Petroleum Engineering
1994-12-01
|
Series: | Rudarsko-geološko-naftni Zbornik |
Subjects: | |
Online Access: | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=21049&lang=en |
id |
doaj-7c18d079b3744c239fb192081bc62fb0 |
---|---|
record_format |
Article |
spelling |
doaj-7c18d079b3744c239fb192081bc62fb02020-11-25T02:15:34ZengFaculty of Mining, Geology and Petroleum EngineeringRudarsko-geološko-naftni Zbornik0353-45291849-04091994-12-0161135139RELATION OF DRILLING CAPACITY TO MARKET AND PROFITMladen Zelenika 0Faculty of Geotechnical Engineering, University of Zagreb, Hallerova aleja 7, HR-42000 Varaždin, CroatiaOwner of drilling rigs should employ highly professional officers, who are capable to manage profit-orientated operations at all stages and make accurate analyses of the next three questions: how to deploy drilling crews to achieve the highest financial result; which kinds of equipment are compatible and employable in profitable operations, and how to compute the requirement of each type of equipment, and the number of drilling crews for a defined period and region to have profitable service. This paper introduce an original mathematical model convenient to compute exact values needed for an answer on these three questions. Application of this model is obvious for research of the relationship among: (i) performance and cost of available drilling rigs, (ii) condition on the market, and (iii) estimated profit. Utilization of this model is possible only if records of market conditions' data, and data relating to progress and cost of operations in different conditions are established. These records will facilitate accurate estimation of input parameters' values and computation of output parameters' values using the Mathematical Model. Results of these computation should give basic data Tor precise plan of operation, rentabili-ty, and figures to decide the strategy of Drilling Company's capacity development.http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=21049&lang=enmathematical modelobjective functionoperational researchoperations' managementconstraintsDrilling Company (DC)drilling riggeological conditionsmarket conditions |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Mladen Zelenika |
spellingShingle |
Mladen Zelenika RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT Rudarsko-geološko-naftni Zbornik mathematical model objective function operational research operations' management constraints Drilling Company (DC) drilling rig geological conditions market conditions |
author_facet |
Mladen Zelenika |
author_sort |
Mladen Zelenika |
title |
RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT |
title_short |
RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT |
title_full |
RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT |
title_fullStr |
RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT |
title_full_unstemmed |
RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT |
title_sort |
relation of drilling capacity to market and profit |
publisher |
Faculty of Mining, Geology and Petroleum Engineering |
series |
Rudarsko-geološko-naftni Zbornik |
issn |
0353-4529 1849-0409 |
publishDate |
1994-12-01 |
description |
Owner of drilling rigs should employ highly professional officers, who are capable to manage profit-orientated operations at all stages and make accurate analyses of the next three questions: how to deploy drilling crews to achieve the highest financial result; which kinds of equipment are compatible and employable in profitable operations, and how to compute the requirement of each type of equipment, and the number of drilling crews for a defined period and region to have profitable service.
This paper introduce an original mathematical model convenient to compute exact values needed for an answer on these three questions. Application of this model is obvious for research of the relationship among: (i) performance and cost of available drilling rigs, (ii) condition on the market, and (iii) estimated profit. Utilization of this model is possible only if records of market conditions' data, and data relating to progress and cost of operations in different conditions are established. These records will facilitate accurate estimation of input parameters' values and computation of output parameters' values using the Mathematical Model. Results of these computation should give basic data Tor precise plan of operation, rentabili-ty, and figures to decide the strategy of Drilling Company's capacity development. |
topic |
mathematical model objective function operational research operations' management constraints Drilling Company (DC) drilling rig geological conditions market conditions |
url |
http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=21049&lang=en |
work_keys_str_mv |
AT mladenzelenika relationofdrillingcapacitytomarketandprofit |
_version_ |
1724895349646032896 |