Fluid Catalytic Cracking (FCC) technology is the most important process used by the refinery industry to convert crude oil to valuable lighter products such as gasoline. New and modified processes are constantly developed by refinery companies to improve their global competitiveness and meet more stringent environmental regulations. Short residence time FCC riser reactor is one of the advanced processes that the refining industry is actively pursuing because it can improve the yield selectivity and efficiency of an FCC unit. However, as the residence time becomes shorter, the impact of the mixing between catalyst and feed oil at the feed injection region on the product yield becomes more significant. Currently, most FCC computer models used by the refineries perform sophisticated kinetic calculations on simplified flow field and can not be used to evaluate the impact of fluid mixing on the performance of an FCC unit. Argonne National Laboratory (ANL) is developing a computational fluid dynamic (CFD) code ICRKFLO for FCC riser flow modeling. The code, employing hybrid hydrodynamic-chemical kinetic coupling techniques, is used to investigate the effect of operating and design conditions on the product yields of FCC riser reactors. Numerical calculations were made using the code to examine the impacts of the operating and design conditions on the product yields. The controlling parameters under investigation include the residence time, reaction temperature, and catalyst/oil ratio. This paper describes the CFD code, presents computational results, and discusses the effects of operating conditions on the performance of short residence time FCC riser reactors.