Optimizing Decision-Making for Regulatory-Driven Product Reformulation
Open Access DepositedThe product development domain is a heavily researched field focusing on optimization of product, time-to-market, or process. Product reformulation is a subset of the product development domain that narrows in on substituting a component (or components) of the product to satisfy a new need. Adhering to regulatory requirements is paramount for any industry, however, of particular concern is the industrial chemical industry. The industrial chemical industry is constrained by regulations imposed on the chemicals they produce, and/or utilize as a component of an overall product to support customers’ needs. The increased focus on health and environmental safety factors of chemical use has put more scrutiny on analyzing chemical safety
however, little research has been conducted to incorporate new regulatory prioritization processes in an optimized product reformulation analysis tool. The objective of this research is to fill the gap by creating a framework that combines an established model for product development analysis and the latest EPA chemical prioritization process into a framework that will optimize alternative selection by applying multi-criteria decision-making methods. This research demonstrates that incorporation of the existing regulatory chemical prioritization process, and estimated time-to-market values into a TOPSIS model provides an improved method for alternative selection using an agricultural product (emulsifiable concentrate crop protection) reformulation as a case study.
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