"formulates" in the verb sense
1. explicate, formulate, develop
elaborate, as of theories and hypotheses
"Could you develop the ideas in your thesis"
2. invent, contrive, devise, excogitate, formulate, forge
come up with (an idea, plan, explanation, theory, or principle) after a mental effort
"excogitate a way to measure the speed of light"
3. give voice, formulate, word, phrase, articulate
put into words or an expression
"He formulated his concerns to the board of trustees"
prepare according to a formula
Source: WordNet® (An amazing lexical database of English)
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