ORMAE

Creation of Fleet Decarbonization Strategy for Major Energy Company

Oil and Gas Industry

 

Fleet decarbonization strategy for major energy company

Operating Cost Optimization, Decarbonization

Business Problem: The client required us to develop an effective decarbonization strategy to own and operate a fleet of vehicles to fulfil multi-year annual demand.

✦ Solution

We developed a fleet decarbonization strategy with the help of a stochastic math model wherein various business constraints such as annual limit on carbon emissions, annual demand satisfaction, and x% annual limit on vehicles sold are modelled. Our objective in this strategy is to minimize different operational costs such as fuel, maintenance, insurance and buying costs while adhering to annual reducing carbon emissions targets

Impact

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