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A cost minimization production planning model for continuous process chemical plant operations
Author(s) -
Eldredge David L.,
Holdman Bob
Publication year - 1982
Publication title -
journal of operations management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.649
H-Index - 191
eISSN - 1873-1317
pISSN - 0272-6963
DOI - 10.1016/0272-6963(82)90007-9
Subject(s) - computer science , production (economics) , minification , process (computing) , production planning , operations research , chemical plant , process plant , decision process , production manager , industrial engineering , risk analysis (engineering) , management science , business , engineering , environmental engineering , economics , macroeconomics , programming language , operating system
The management of large continuous process chemical plants oftentimes must make operating decisions within a rapidly changing economic environment. This paper describes a decision making aid in the form of a production planning model which is immediately responsive to such changes. The model provides cost minimization solutions to “what if” questions of management through the use of linear programming. Implementation upon an interactive computer system provides a user oriented model. A specific type of chemical plant operation involving 13 decision variables illustrates the approach. Five example real‐world situations demonstrate the approach's capability.