"Improvement in the Energy Supply Chain Risk Management of Oil and Petroleum Industries" - Using the concept of ANN embedded in SCM

Modern life without energy supply is unimaginable. Energy supply is the backbone of almost all economic activities which is powering systems and infrastructures required for functioning of modern economies and societies. Energy must be delivered to the consumers, regardless of where and how they are produced. Any disruption in the energy supply chain can degenerate into national crises. One of the major challenges globally is to sustain an undisrupted production and supply of energy resource to its consumers. The other challenge is to maximize profit and also maximize the safety while minimizing the cost of the product and considering the minimal impact on the environment. The study discusses a framework for the energy supply chain using artificial neural networks for the transformation.