Financial Risk Management for Investment Planning of New Commodities Considering Plant Location and Budgeting

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• 作者：Javier Lavaja ; Adam Adler ; Jeremy Jones ; Trung Pham ; Kristin Smart ; David Splinter ; Michael Steele ; Miguel J. Bagajewicz
• 刊名：Industrial & Engineering Chemistry Research
• 出版年：2006
• 出版时间：October 25, 2006
• 年：2006
• 卷：45
• 期：22
• 页码：7582 - 7591
• 全文大小：485K
• 年卷期：v.45,no.22(October 25, 2006)
• ISSN：1520-5045

文摘

The classical capacity planning problem considers the determination of the initial capacity for a particularnetwork of processes and the timing and size of the future expansions. The data used for such a model arethe forecasted demands and prices of raw material and products, as well as the utility costs. This paper expandsthe problem to also consider plant location, transportation of raw materials, and transportation of product toconsumer markets. We also add budgeting constraints, which follow the cash flow through the life of theproject and allow the project to finance the expansions. Finally, we add considerations about the price of theproduct in different markets. To illustrate the technique, we consider the case of ethyl lactate, a green solvent.The model was made stochastic, and financial risk is managed.