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- W1505707026 abstract "This paper deals with the design of multipurpose batch facilities considering economic aspects. Like in almost facilities this type of problem involves the maximization of the total revenue as well as the minimization of the total cost. The best way to deal with these two goals simultaneously is either to combine them into a single criterion (e.g., profit) or to define the efficient frontier which offers the optimal solutions by multi-objective optimization. In this work the latter approach, while more elaborate, was adopted, since the exploration of this frontier enables the decision maker to evaluate different alternative solutions. In this paper the proposed model addresses this problem and presents the identification of a range of optimal plant topologies, facilities design and storage policies that minimize the total cost of the system, while maximizing the production, subject to total product demands and operational restrictions. An example is used to show the methodology application to the design of multipurpose batch facilities." @default.
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- W1505707026 date "2008-01-01" @default.
- W1505707026 modified "2023-09-27" @default.
- W1505707026 title "Multi-objective design of multipurpose batch facilities using economic assessments" @default.
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- W1505707026 doi "https://doi.org/10.1016/s1570-7946(08)80050-8" @default.
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