Highlights•Formulated are specialized products obtained by mixing ingredients.•Stages
consist of identification of consumer needs, modelling and product built.•Optimization of the …

Petrochemical industry is one of the major sectors contributing to the world-wide economy
and the digital transformation is urgent to enhance core competence. In general, ethylene …

Contemporary process industries are confronted with volatile market conditions that
jeopardise their financial sustainability. While mature markets, eg industrial gases, transition …

A new product design framework is presented with the simultaneous consideration of make-
or-buy analysis and supplier selection. Consumer preferences are first identified. Product …

The use of low-cost feedstocks such as waste cooking oils has gained prominence in
biodiesel production due to its potential economic and environmental advantages. Since …

This Article presents a general framework for the integration of operational hedging and
financial hedging strategy in the crude oil procurement process. The main purpose of the …

An extended pooling problem is developed for the design of detergents, that include process
and product design together with suppliers' selection. It is a multiperiod and multi-objective …

In this work an extended pooling problem is formulated to select the optimal price policy for
the ingredients of a formulated product such as a detergent. Various contracts for obtaining …

This work addresses the procurement of fuel to supply an uncertain demand for electricity
generation. Fuel purchase decisions are made with considerable advance with respect to …

Woody biomass provides an opportunity to reduce carbon emissions from existing power
plants via co-firing with coal. However, increased demand for woody biomass in electricity …