For most refineries, the configuration and operation of the facility has changed significantly since the tankage was built or last reconfigured. Solomon has the capability to model the refinery tankage to determine if a refinery has the right number of tanks in each service, the number of tanks required for an expansion, and the economic impact of current or future tankage utilization.

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By analyzing your current situation as well as evaluating the impact of an array of “what-if” simulations, Solomon’s Tank Utilization Modeling Service (TUMs) provides you a realistic means by which to formulate your tank strategy.

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This rules-based modeling tool incorporates Monte Carlo simulation techniques to determine your lost opportunity costs in tandem with risk associated from potential changes in daily operations.

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By using TUMs, you can evaluate the impact of different scenarios like adding/removing tanks, increasing throughput, purchasing opportune ships of raw materials, and/or blending different grades of product. Once the models are complete, they are yours to keep for future strategic analysis.