Abstract
AbstractShortened product life cycles and increased demand for specialized products lead to more challenges in efficiently satisfying customer needs. Customer demands are increasingly uncertain in terms of type, location, and volume. As a result, more flexible chemical production plants are required. Modular small‐scale plants can be installed in transportation containers and, therefore, offer the flexibility of easy relocation, enabling production close to the customer or supplier. In a mathematical optimization model, the economic benefit of small‐scale plants in the specialty chemicals market of polymer production is analyzed. Different scenarios created from the real data of a chemical company show that the use of small‐scale plants may lead to a significant reduction in total costs that is mainly due to the transportation costs of raw materials and products.
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