How to lose money with advanced controls
- Whitehouse Consulting, Southampton (GB)
This paper reports that advanced control is a well established technology in the oil and petrochemical industries, and it is tempting to believe that a large portion of its users have captured the greatest share of the available benefits. However, despite massive investments in hardware, few companies have fully exploited the opportunities made available by this investment. In the Western world probably about 85% of the total investment justified on existing plants has already been committed. The benefits captured, however, are probably less than 50% of those readily available. Assuming this investment was justified on a three year payback, the incremental cost to finish the job should pay back in about six months. So why isn't everyone doing it The following gives guidance on how to maintain, or even worsen the status quo. Known as the Whitehouse Rules, violation of most of them could cause a significant improvement in process profitability.
- OSTI ID:
- 5157206
- Journal Information:
- Hydrocarbon Processing; (United States), Vol. 71:6; ISSN 0018-8190
- Country of Publication:
- United States
- Language:
- English
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99 GENERAL AND MISCELLANEOUS//MATHEMATICS, COMPUTING, AND INFORMATION SCIENCE
COMPUTERIZED CONTROL SYSTEMS
ECONOMIC ANALYSIS
PETROCHEMICAL PLANTS
PETROLEUM REFINERIES
PROCESS CONTROL
COMPUTER CODES
INVESTMENT
CHEMICAL PLANTS
CONTROL
CONTROL SYSTEMS
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020400* - Petroleum- Processing
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