Linear program

Also known as: LP model

The LP model is an analytical tool used at most refineries to make economically optimal short-term decisions around operations and commercial activities.

Given a set of market conditions (crude and product prices and volumes) and refinery capabilities (capacities and yields), the LP determines the choices of feedstock, refinery utilization, and product make that generate the highest variable cash profitability for the refinery.

McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. By using this Site or clicking on "OK", you consent to the use of cookies.