Enterprise-wide Optimization : A New Frontier in Process Systems Engineering

  title={Enterprise-wide Optimization : A New Frontier in Process Systems Engineering},
  author={Ignacio E. Grossmann},
Enterprise-wide optimization (EWO) is a new emerging area that lies at the interface of chemical engineering and operations research, and has become a major goal in the process industries due to the increasing pressures for remaining competitive in the global marketplace. EWO involves optimizing the operations of supply, manufacturing and distribution activities of a company to reduce costs and inventories. A major focus in EWO is the optimal operation of manufacturing facilities, which often… CONTINUE READING
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