“…However, unlike fossil resources, biomass feedstock, due to low energy density, favors a cost-effective short-distance transportation, resulting in a decentralized network structure with small-or medium-scale conversion plants (Fiedler, Lange, & Schultze, 2007;Kaltschmitt, Hartmann, & Hofbauer, 2009;Kudakasseril Kurian, Raveendran Nair, Hussain, & Vijaya Raghavan, 2013;Wiese, 2013;Yue, You, & Snyder, 2014). The integration of this trade-off assumption between EoS and transportation costs requires advanced modeling techniques to assess biomass valorization pathways while incorporating various types of biomass feedstock, the multiplicity of conversion processes, and many output products (Fröhling, Schweinle, Meyer, & Schultmann, 2011;Sharma, Ingalls, Jones, & Khanchi, 2013). Numerous models analyze biomass valorization pathways (Ba et al, 2016;Garcia & You, 2015;Yadav & Yadav, 2016), but disregard the trade-off assumption (Batidzirai, 2013;Shastri, Rodriguez, Hansen, & Ting, 2012) and the price elasticity of the biomass feedstock (Panichelli & Gnansounou, 2008).…”