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In today's business world, oil companies cannot be productive and competitive, and thus, will not survive without taking the supply chain management concepts into account. Consequently, the management of a crude oil supply chain (COSC) is increasingly receiving substantial importance. The growing number of papers and books on this topic is a further witness of this fact. To foster insight into issues intertwined with COSC problems, this paper is devoted to an extensive review of mathematical programming models in this context. The classification approach for this review is based on a taxonomy framework. In this framework, ongoing and emerging challenges surrounding the strategic and tactical decisions of COSC problems are investigated. As a main goal, the gaps of literature are analyzed to recommend possible research directions. [ABSTRACT FROM AUTHOR]

• Comprehensive review of mathematical programming models for shale oil & gas development. • Detailed comparison of publications in five major topic areas: (1) development planning, (2) water management, (3) production optimization, (4) supplies, gathering & processing, and (5) LCA & sustainability. • Highlight of optimization deployment success stories in industry (i.e., optimization value proposition in oil & gas). • Perspective on outstanding research opportunities in the respective field of study. In this paper, we provide a comprehensive review of mathematical programming models for shale oil & gas development, and we offer a perspective on outstanding research opportunities. We distinguish contributions in five major topic areas, namely: (1) development planning, (2) water management, (3) production optimization, (4) supplies, gathering & processing, and (5) life cycle analysis & sustainability. We highlight how various types of mathematical programming models (i.e., linear programs, nonlinear programs, mixed-integer linear programs, mixed-integer nonlinear programs) have been proposed primarily by the Process Systems Engineering community to address the respective decision-making problems, and we highlight instances of successful deployment in industry. Finally, based on a critical assessment of the existing body of work, we identify opportunities for future research across the major topic areas. [ABSTRACT FROM AUTHOR]