Sharif Digital Repository

Real option is one of most promising and crucial concepts in corporate valuation and budgeting process. They are very similar to financial options except that their intrinstic values are calculated based on a company’s practical flexibilities rather than financial contracts. Most previous publications in this field are related to upstream sectors of oil, gas, or mining as well as high-tech industries. The application of this concept in chemical industries has been poorly investigated, and the majority of those limited number of papers have evaluated real options in down-stram sectors. Thus, the application of real options in midstream parts of chemical industry was not thoroughly... 

Decision making for planning a petrochemical plant is a difficult task, particularly when decisions are required to be made under constraints and different objectives. Final purpose of current research is to develop a reliable model for selecting limited petrochimal products among all potential alternatives under different constraints, considering two desired objective functions; Maximizing economic gain and minimizing safety risk. The powerful tool of multi objective decision making has been used for solving the proposed model. The developed model has been applied to Jam Petrochemical Company as a case study and the acquired results found to be successful.

 

Despite the growth in Iran’s petrochemical production, most of the plants are concentrated upstream; although the government has made various interventions to promote industrial development. The literature review shows that government intervention is necessary to solve market failures, especially in developing countries; but it should be tailored to the specific context and especially the distribution of the power. Most experts believe that the cause of the above phenomenon is feedstock rent and the reason for its continuation is the political influence of petrochemical companies. While not rejecting this view, we try to provide policy recommendations by looking more closely at the issue and... 

In this study, we introduce a systematic approach for valuation of Technology development projects by applying a discrete model of real options valuation. This framework is then applied to a real technology development project. The estimate of volatility is the most important argument that it is difficult to calculate. Data from the project’s feasibility study is gathered and classified in an appropriate format to be ready for simulation. Then uncertainty parameters are identified. The data is separated and their impacts on annual cash flows are considered. Volatility of the whole project is estimated to be relatively high. This is an advantage for the proposed method. In this project,... 

The project schedule is used as a key tool for managers to measure the progress of the project and prevent the deviation of the project from achieving its goals.Project scheduling started with manual methods. After a while, due to the increase in the size of projects and their complexity, the efficiency of traditional methods decreased. After the advances in computer sciences, scientists and experts had moved towards intelligentization and automation.During the past three decades, despite the attention of both academic and industrial fields towards automatic planning and scheduling of projects, Most of the researches focused on construction projects, and unfortunately, a few attentions have... 

In this research, a general model is proposed aiming at establishment of optimized application of Methane gas with maximum added value. That is, maximum added value of methane for different applications of methane including consumption as fuel, export and injection-to-wells are calculated and compared. Accordingly, results of this study are used for decision making regarding Iran’s most important gas reservoirs. In this study, maximum present net value of investment concerning comparison of petrochemical industry input and export to a number of selected countries in addition to injection in 20 years is calculated based on a specific discount rate. It is noteworthy that the scope of this... 

Logistics activities and matters related to supply chain management play an important role in the success of supply chain in today’s competitive business environment. The success of an organization depends on the proper functioning of the whole supply chain organization. SCOR model as a reference model for supply chain management is a suitable framework to manage all aspects of the supply chain and enables the creation of an appropriate and efficient structure in supply chains. In this thesis the Procurement department of a petrochemical company is examined and the current state of the supply chain is explained and then based on the SCOR model, in 4 areas: Performance (indices), Processes,... 

Transportation of heavy and super heavy equipment is one of the issues that have been discussed in recent years. High cost and required expertise of Transportation for oil and gas projects has caused many organizations and Iranian companies turn to outsourcing strategy and have invested a lot of money in this field without regard to its Risks. Unfortunately, the lack of risk management in transportation projects has led to an increase in refractive index. In this thesis, have been identified the risks of heavy and super-heavy transport equipment in the oil, gas and petrochemical industries then prioritize the risks identified. Finally, each of the identified risks in Iran is investigated.... 

Policies affect supply chain management in oil, gas and petrochemical industries. In this study, structural equation modeling was used to evaluate the relationship between variables in AMOS software. The findings also indicated that international policies affect different aspects of supply chain management in the following order: product realization management (coordination), customer delivery management (partnership), planning management (planning) and resource management (implementation). Finally, suggestions were made on how to find financing such as bank loans, prioritizing payments in the light of their criticality, as well as on the creation. This study aimed to investigate the impact...