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About Combined
This document summarizes a study combining strategic and operational planning in the chemical industry using mixed-integer linear programming (MILP). The study developed an MILP model to optimize a chemical company's production network over a 15-year time horizon. The model considered both operational decisions like production levels and strategic decisions like purchasing new plants. It achieved cost savings of several million dollars for the client by finding the optimal network design and production plan. The document discusses challenges of combining strategic and operational planning in one model, such as ensuring the objective function and data accurately represent costs and demands over the long time horizon.
Detailed Information
| Author: | ['jerc1324'] |
|---|---|
| Publication Year: | 2018 |
| Pages: | 27 |
| Language: | English |
| Format: | |
| Price: | FREE |
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