formulation
US /ˌfɔːr.mjəˈleɪ.ʃən/
UK /ˌfɔːr.mjəˈleɪ.ʃən/

1.
the action of creating or preparing something, such as a plan, policy, or theory
:
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The formulation of a new policy will take several months.
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His clear formulation of the problem helped us find a solution.
2.
a list of ingredients or a recipe for a product, especially a pharmaceutical or chemical one
:
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The new drug has a complex chemical formulation.
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The company is known for its unique cosmetic formulations.