doi: 10.7763/IJET.2023.V15.1232
Feasibility Study of the Location Selection for Oil Distribution Center with Sensitivity Analysis Case Study: A Sample Oil Company
A. Sanonok
1
,
,
,
,
,
,
- 1 the
- 2 the Faculty of Engineering and Industrial
- 3 the Faculty of Industrial Technology, Muban Chom
- 4 the Faculty of Health Sciences, Christian University
Abstract
Nowadays, electricity is the energy source that ismost conveniently and comfortably transferred to the consumersince it can be wired directly from the energy source to the user.It can be easily transformed into other energy types and kept inreserve. Natural gas is the primary fuel produced in Thailanddue to its minimum cost and it’s also a sustainable alternative.However, due to the annual shutdown of gas pipelines anddrilling sites are forced to use Fuel Oil (FO) and High-SpeedDiesel (HSD) instead of natural gas to produce electricity. Thispaper is a study of the oil transportation systems of eachalternative, which consists of alternative I being the main oildistribution center, alternative II being the main oil distributioncenter and the old oil distribution centers A and B, andalternative III being the new oil distribution centers C and D tostudy the feasibility of the location selection for oil distributioncenter during this shutdown period. According to thesimulation and economic analysis, the Net Present Value (NPV)and Internal Rate of Return (IRR) of each alternative areknown, which will be taken into account at the meeting withmanagement. The result was found that alternative III shouldbe chosen because it can satisfy both the quantitative andqualitative. Furthermore, we conducted the sensitivity analysis,it was found that increased investment selections. On the otherhand, it will make investment selections.
Keywords
- Sustainable
- simulation
- economic analysis
- sensitivity analysis
How to Cite
A. Sanonok, P. Patthamanawin, C. Pornsing, N. Sangkhiew, A. Jatephook, C. Intawongse, and P. Jomtong, "Feasibility Study of the Location Selection for Oil Distribution Center with Sensitivity Analysis Case Study: A Sample Oil Company," International Journal of Engineering and Technology, vol. 15, no. 3, pp. 119-122, 2023. https://doi.org/ 10.7763/IJET.2023.V15.1232
Copyright & License
Copyright © 2023 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).