The Successful Deployment of Management Science Throughout Citgo Petroleum Corporation

Darwin Klingman, Nancy Phillips, David Steiger and Warren Young
Additional contact information
Darwin Klingman: Graduate School of Business, The University of Texas at Austin, Austin, Texas 78712
Nancy Phillips: Graduate School of Business, The University of Texas at Austin, Austin, Texas 78712
David Steiger: D.S.I. Consulting, 8312 South Quebec Street, Tulsa, Oklahoma 74137
Warren Young: Citgo Petroleum Corporation, One Warren Place, Box 3758, Tulsa, Oklahoma 74102

Interfaces, 1987, vol. 17, issue 1, 4-25

Abstract: During 1984 and 1985, Citgo Petroleum Corporation invested in management science applications that involve (1) a comprehensive combination of mathematical programming, statistics, forecasting, expert systems, artificial intelligence, organizational theory, and cognitive psychology; (2) the support of top management and operational managers; (3) the involvement of diverse business areas, including acquisitions, refining, supply and distribution, market planning, accounts receivable and payable, inventory control, and individual performance objectives; (4) timely project development and implementation; and (5) integration of information systems and management science technologies, multiplying the potentials of each. These applications have changed the way Citgo does business and resulted in approximately $70 million per year profit improvement.

Keywords: industries:; petroleum/natural; gas (search for similar items in EconPapers)
Date: 1987
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Citations: View citations in EconPapers (2)

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