The Collaborative International Dictionary of English v.0.48:

Formulate \For"mu*late\, v. t. [imp. & p. p. Formulated; p.
   pr. & vb. n. Formulating.]
   To reduce to, or express in, a formula; to put in a clear and
   definite form of statement or expression. --G. P. Marsh.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

formulated \formulated\ adj.
   reduced to a systematic form; reduced to a formula.
   [WordNet 1.5 +PJC]

The Collaborative International Dictionary of English v.0.48:

developed \developed\ adj.
   1. being changed over time so as to be e.g. stronger or more
      complete or more useful; as, the developed qualities of
      the Hellenic outlook; the state's well-developed
      industries. Oppositre of undeveloped. [Narrower terms:
      formulated; mature]
      [WordNet 1.5]

   2. made more useful and profitable as by building or laying
      out roads; -- of real estate. new houses are springing up
      on the developed tract of land near the river

   Syn: improved.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

formulated
    adj 1: devised; developed according to an orderly plan; "he had
           well formulated opinions on schooling"