The phrase "adopt a formula" is correct and usable in written English.
You can use it when referring to the act of accepting or implementing a specific method or approach, often in a systematic way.
Example: "In order to improve our productivity, we decided to adopt a formula that has been successful in similar organizations."
Alternatives: "embrace a method" or "implement a strategy".
Ms. Minow predicted that companies would tend to adopt a formula for calculating pay based on their sector.
In the interests of fairness and consistency, the FA needs to adopt a formula for determining the heinousness of isolated spitting incidents, so that any player found guilty of the charge can be punished accordingly.
In separate legislation adopted at the same time, New York also became one of the few states to adopt a formula for setting certain alimony awards, making them fairer and predictable.
Regrettably, the Obama administration has bought into Netanyahu's idea and is currently working behind the scenes to press key allies to adopt a formula that would call on Israel and the Palestinians to resume negotiations on the basis of the 1967 lines and — for the first time in Mideast peacemaking — spell out international expectations that the Palestinians recognize Israel as a Jewish state.
You may choose to be even more conservative, but the most important principle here is to adopt a formula and stick to it.
Ms. Thakor advises Americans to adopt a formula for healthy spending.
For the Madoff investors, Picard had adopted a formula whereby the "net winners"—that is, those who cashed out more than they put into their Madoff accounts would pay back their winnings to compensate those who were net losers.
For the Madoff investors, Picard had adopted a formula whereby the "net winners" — that is, those who cashed out more than they put into their Madoff accounts — would pay back their winnings to compensate those who were net losers.
We then adopted a formula for calculating the CEO's pay.
We then adopted a formula for estimating the pay of the CEO.
Instead of adopting a formula for expected utility that uses an assessment of outcomes neutral with respect to evidential and causal decision theory, this essay follows Stalnaker (1972) in adopting a formula that uses utility to evaluate outcomes.
