Hybrid Sequential Modelling for Stochastic Analysis of Multi-generations Biomass Supply Chain

In the search for sustainable alternative feedstocks for processing, biomass emerged as one of the favorable options. However, the industrial utilization of biomass has been relatively slow because of the hesitancy of relevant stakeholders to venture into a relatively new sector. Partially due to biomass supply chain-related uncertainties that is the fluctuation of several variables (i.e., pricing, market demand, biomass quality, etc.). This raises the importance of conducting stochastic biomass supply chain planning that account for the supply chain-related uncertainties. The generated result - probability profile can provide a more realistic view of the performance of the biomass supply chain.