Production planning provides optimal strategic planning to attain economic benefits in the petrochemical industries and helps to maintain competitiveness in the global market. This work proposes an efficient modeling strategy for combinatorial production planning involving unique process constraints in the development stage of the petrochemical industry. The decisions involved are the choice of products to be produced, the product quantity, the suitable process for the selected product, and the number of processing units to be implemented at the operating capacity. The objective is to determine an optimal production plan by maximizing the profit while satisfying all the resource and bound constraints. This work analyzed the strategy in the literature to identify the factors affecting metaheuristic techniques in determining better solutions for production planning involving unique process constraints. The compact and precise strategy proposed in this work reduces the number of decision variables and constraints up to 90% without compromising the rigor of the model. The efficacy of the proposed strategy is demonstrated on four case studies and is solved using eight different metaheuristic techniques, namely (i) Multi-Population based Ensemble of Mutation Strategies Differential Evolution, (ii) Sanitized Teaching Learning Based Optimization, (iii) Artificial Bee Colony, (iv) Dynamic Neighborhood Learning Particle Swarm Optimizer, (v) Sine Cosine Algorithm, (vi) Symbiotic Organisms Search, (vii) Single Phase Multi-Group Teaching Learning Based Optimization with Lévy Flight, and (viii) Harris Hawk Optimization. The results determined by these techniques in solving the case studies using the proposed strategy are better than those provided in the literature. It indicates the suitability of the proposed strategy with metaheuristic techniques and emphasizes the importance of efficient modeling of a problem. The proposed strategy provided up to 5% improvement in profit.
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