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Original scientific paper

RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT

Mladen Zelenika

Fulltext: english, pdf (1 MB) pages 135-139 downloads: 560* cite
APA 6th Edition
Zelenika, M. (1994). RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT. Rudarsko-geološko-naftni zbornik, 6 (1), 135-139. Retrieved from https://hrcak.srce.hr/13716
MLA 8th Edition
Zelenika, Mladen. "RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT." Rudarsko-geološko-naftni zbornik, vol. 6, no. 1, 1994, pp. 135-139. https://hrcak.srce.hr/13716. Accessed 12 Apr. 2021.
Chicago 17th Edition
Zelenika, Mladen. "RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT." Rudarsko-geološko-naftni zbornik 6, no. 1 (1994): 135-139. https://hrcak.srce.hr/13716
Harvard
Zelenika, M. (1994). 'RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT', Rudarsko-geološko-naftni zbornik, 6(1), pp. 135-139. Available at: https://hrcak.srce.hr/13716 (Accessed 12 April 2021)
Vancouver
Zelenika M. RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT. Rudarsko-geološko-naftni zbornik [Internet]. 1994 [cited 2021 April 12];6(1):135-139. Available from: https://hrcak.srce.hr/13716
IEEE
M. Zelenika, "RELATION OF DRILLING CAPACITY TO MARKET AND PROFIT", Rudarsko-geološko-naftni zbornik, vol.6, no. 1, pp. 135-139, 1994. [Online]. Available: https://hrcak.srce.hr/13716. [Accessed: 12 April 2021]

Abstracts
Owner of drilling rigs should employ highly professional officers, who are capable to manage profit-orientated operations at all stages and make accurate analyses of the next three questions: how to deploy drilling crews to achieve the highest financial result; which kinds of equipment are compatible and employable in profitable operations, and how to compute the requirement of each type of equipment, and the number of drilling crews for a defined period and region to have profitable service.
This paper introduce an original mathematical model convenient to compute exact values needed for an answer on these three questions. Application of this model is obvious for research of the relationship among: (i) performance and cost of available drilling rigs, (ii) condition on the market, and (iii) estimated profit. Utilization of this model is possible only if records of market conditions' data, and data relating to progress and cost of operations in different conditions are established. These records will facilitate accurate estimation of input parameters' values and computation of output parameters' values using the Mathematical Model. Results of these computation should give basic data Tor precise plan of operation, rentabili-ty, and figures to decide the strategy of Drilling Company's capacity development.

Keywords
mathematical model; objective function; operational research; operations' management; constraints; Drilling Company (DC); drilling rig; geological conditions; market conditions

Hrčak ID: 13716

URI
https://hrcak.srce.hr/13716

[croatian]

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