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Risk assessment for the design and scheduling optimization of periodic multipurpose batch plants under demand uncertainty

2018-07Journal article Restricted access
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dc.contributor.authorVieira, Miguel
dc.contributor.authorPaulo, Helena
dc.contributor.authorVilard, Corentin
dc.contributor.authorPinto-Varela, Tânia
dc.contributor.authorPovoa, Ana
dc.date.accessioned2018-07-30T10:06:56Z
dc.date.available2018-07-30T10:06:56Z
dc.date.issued2018-07
dc.description.abstractThe aim of the present work is to provide an integrated decision support approach for the design and scheduling of multipurpose batch plants under demand uncertainty allowing the assessment of alternative risk profile solutions. Based on two-stage mixed integer linear programming (MILP) model, the goal is to maximize the annualized profit of the plant operation under a set of scenarios while minimizing the associated financial risk, evaluated by the Conditional Value at Risk (CVaR) using the augmented ε-constraint method. Considering a literature example, the conclusions highlight the advantages of the proposed approach for the decision-support in industrial plant design and scheduling solutions by considering the explicit risk measure assessment towards expected financial outcomes.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationVIERIA, Miguel; [et al] – Risk assessment for the design and scheduling optimization of periodic multipurpose batch plants under demand uncertainty. Computer Aided Chemical Engineering. ISSN 1570-7946. Vol. 43 (2018), pp. 991-996pt_PT
dc.identifier.doihttps://doi.org/10.1016/B978-0-444-64235-6.50174-1pt_PT
dc.identifier.issn1570-7946
dc.identifier.urihttp://hdl.handle.net/10400.21/8719
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherElsevierpt_PT
dc.relationPOCI-01-0145-FEDER-016418pt_PT
dc.subjectMultipurpose batch plantspt_PT
dc.subjectRisk assessmentpt_PT
dc.subjectConditional value-at-riskpt_PT
dc.subjectStochastic programmingpt_PT
dc.subjectAugmented ε-constraint methodpt_PT
dc.titleRisk assessment for the design and scheduling optimization of periodic multipurpose batch plants under demand uncertaintypt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage996pt_PT
oaire.citation.startPage991pt_PT
oaire.citation.titleComputer Aided Chemical Engineeringpt_PT
oaire.citation.volume43pt_PT
person.familyNameMaria dos Santos Paulo
person.familyNamePinto-Varela
person.familyNameBarbosa-Povoa
person.givenNameHelena
person.givenNameTânia
person.givenNameAna
person.identifier102689
person.identifier.ciencia-idD31C-64AA-638F
person.identifier.ciencia-idB912-986E-8DF4
person.identifier.ciencia-id651C-2DDA-A52C
person.identifier.orcid0000-0002-3339-2157
person.identifier.orcid0000-0002-4605-7083
person.identifier.orcid0000-0001-6594-9653
person.identifier.ridB-7314-2009
person.identifier.scopus-author-id56224464900
person.identifier.scopus-author-id6701390223
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication66443165-694a-4815-9fff-528c2cfb80b9
relation.isAuthorOfPublication7c939ac4-33cc-4cad-81a0-fa991a6d4e5b
relation.isAuthorOfPublicationc0aa37ee-32d7-454f-984c-396c3489812f
relation.isAuthorOfPublication.latestForDiscovery7c939ac4-33cc-4cad-81a0-fa991a6d4e5b

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