Читать книгу Profit Maximization Techniques for Operating Chemical Plants - Sandip K. Lahiri - Страница 12

The first chapter contains the foundation of the profit maximization project in running process industries. Sweating of assets and deriving maximum benefit from assets forms the essence of profit maximization. After implementation of data historian software in the last decade, todays chemical process industries (CPI) are very data rich but unfortunately remain information poor. No effective platform is still available to utilize this large amount of data. This chapter explains the emergence of knowledge‐based industries and only CPIs employing knowledge to drive the business are likely to survive in the future. This essentially means generating an effective platform that can generate knowledge from available business data and use this knowledge to develop a unified framework to support faster business decisions to respond to external market uncertainties. This chapter gives an overview of how to build a framework where advanced computational knowledge and experience‐based heuristics are applied to utilize this wealth of data to maximize profit. In simple terms, profit maximization means maximization of dollar ($)/h generation from the plant while subject to constraints that all process and safety constraints need to be honored and all equipment limitations should not be violated. The need for profit maximization in today's competitive market is explained in this chapter.