Accurate feedstock selection and planning are critical to profitability
Linear programming plays a vital role for ethylene producer
Since 2008, the global economic crisis has had a profound impact on the petrochemicals market globally, resulting in a significant drop in demand and prices. In response, producers reduced production and are looking for ways to manage with very thin margins. These market conditions have made it critical to optimize the mix of raw materials, plant operations and product slate to determine the best course of action. Efforts now imply a renewed focus on the planning process and supporting tools to enable more rapid analysis and decision-making. Improvements in this core process can have a tremendous impact on business performance and profitability.
Linear-programming (LP) production
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