A new, unified theory and algorithms, based on multiparametric programming
techniques, for the solution of flexibility analysis and design optimizatio
n problems in linear process systems are presented. They are used for the f
lexibility test and index problems in systems with deterministic parameters
, and for the stochastic and expected stochastic flexibility evaluation pro
blems in systems with stochastic parameters. They are computationally effic
ient and give the explicit dependence of various flexibility metrics on the
values of the continous design variables. The latter feature enables the e
asy and efficient comparison of design alternatives. It also allows for the
compact formulation of design optimization problems that can be solved par
ametrically to yield the exact algebraic form of the trade-off curve of eco
nomics against flexibility. Key features of the proposed approach are demon
strated through both mathematical and process examples.