Canadian Operational Research Society

Calgary Section

http://www.corscalgary.org/

PROFESSIONAL DEVELOPMENT SEMINAR

When: Noon to 1:30 PM, Wednesday, October 18, 2006

Room 217

TransCanada Tower

450 - 1 Street SW

(See attached map)

SPEAKER

Neil Robinson

Quantitative Specialist, Gas Storage Operations Group

TransCanada Pipelines Limited

TOPIC

Maximum Inventory Space when Re-Stocking and Drawdown Rates are Functions of Inventory

Abstract:

Starting with first-order linear dynamic equations of drawdown and replenishment rates as functions of inventory, this talk presents a solution to the problem of finding the maximum feasible inventory space subject to a time-limited inventory cycle. Observing that the warehouse can only be emptied of what it was previously filled with, the maximum steady-state cycling space is found by simultaneous solution for the starting and ending inventories, given the rate equations and the time spans available to each leg of the cycle. A hypothetical example drawn from the energy industry illustrates the context of and motivation for researching the mathematical solution.

About the Speaker:

Neil Robinson currently works as a quantitative specialist with the Gas Storage Operations Group of TransCanada Pipelines Limited; his interest and research in dynamic inventory systems stems from this position. Neil holds a B.B.A. from the University of Texas at Austin and an M.Ec. from the University of Calgary.