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Cost benefit analysis of refinery process data: case study

Alheritiere, C; Thornhill, NF; Fraser, S; Knight, MJ; (1998) Cost benefit analysis of refinery process data: case study. Computers and Chemical Engineering , 22 (Supple) S1031-S1034.

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Abstract

This paper applies the methodology developed previously to quantify the contribution of process data to performance measures. It describes a refinery case study in which measurements are ranked according to the cost-effectiveness of their contribution to improving refinery performance measures. This provides a means of evaluating the cost effectiveness of data collection, data analysis and estimation procedures on a particular refinery unit. The work is of direct benefit to the refinery as it provides an aid for making business decisions on the procedures involved in the determination of a plant's performance. An example of such a decision would be investment in instrumentation since measurements make an important contribution to the estimation of performance parameters.

Type: Article
Title: Cost benefit analysis of refinery process data: case study
Additional information: Imported via OAI, 16:54:26 4th May 2005
Keywords: analysis, process, processes
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Electronic and Electrical Eng
URI: http://discovery.ucl.ac.uk/id/eprint/525
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