Abstract
A new mixed integer linear programming model is formulated for the optimum utilization of ethylene derivatives in the Saudi Arabian petrochemical industry. The model incorporates new variables and constraints, and accurate estimates of production costs, which are calculated based on local conditions in Saudi Arabia. The input data for each ethylene derivative includes relevant production technologies, capacities, local production costs, and selling prices. The solution of the model gives the recommended derivatives under different scenarios of available capital investment and feedstock, and the results are reported and analyzed.
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© 2002 Springer-Verlag London Limited
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Alfares, H.K. (2002). An Optimization Model for Investment in Ethylene Derivatives. In: Parmee, I.C., Hajela, P. (eds) Optimization in Industry. Springer, London. https://doi.org/10.1007/978-1-4471-0675-3_21
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DOI: https://doi.org/10.1007/978-1-4471-0675-3_21
Publisher Name: Springer, London
Print ISBN: 978-1-85233-534-2
Online ISBN: 978-1-4471-0675-3
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