2016
DOI: 10.1002/cite.201650239
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Comparison of Capacity Expansion Strategies for Chemical Production Plants

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“…These solutions deal with market volatilities by sequential investments that have to be carried out with multiproduct continuous production which efficiently serve the supply chain and lower investment risks [30][31][32][33] in smart factories [34]. Plant flexibility is a key issue in this context [35][36][37]. The impact of these potential small-scale production solutions on investment costs has to be low in order to overcome economies of scale [38][39][40][41][42].…”
Section: Classification Of Boundary Conditions and Flexibility Typesmentioning
confidence: 99%
“…These solutions deal with market volatilities by sequential investments that have to be carried out with multiproduct continuous production which efficiently serve the supply chain and lower investment risks [30][31][32][33] in smart factories [34]. Plant flexibility is a key issue in this context [35][36][37]. The impact of these potential small-scale production solutions on investment costs has to be low in order to overcome economies of scale [38][39][40][41][42].…”
Section: Classification Of Boundary Conditions and Flexibility Typesmentioning
confidence: 99%