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

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