Strategic decision analysis of multi-product biorefineries
Document Type
Conference Proceeding
Publication Date
1-1-2011
Abstract
A decision support system is formulated for a multi-product biorefinery. A structured approach is used for feed, product, and technology selection and capacity design. Uncertainty in ethanol prices is modeled using real-options analysis. The results show prefernece for an incremental capacity design over economies of scale, and selection of a higher costing flexible production platform that can coproduce multiple products. Copyright © 2011, AIDIC Servizi S.r.l.
Publication Source (Journal or Book title)
Chemical Engineering Transactions
First Page
935
Last Page
940
Recommended Citation
Sharma, P., & Romagnoli, J. (2011). Strategic decision analysis of multi-product biorefineries. Chemical Engineering Transactions, 25, 935-940. https://doi.org/10.3303/CET1125156