Essentials of Dynamic Simulation
Simulate, Stay Safe and Make Money! This Essentials Guide from the editors of Control discusses how dynamic simulators can be used to both reduce risk and improve profitability throughout a plant's full lifecycle — from testing and troubleshooting of control logic, through experiential training of plant operators. Among the topics discussed are measures of ROI and the impact of simulator architecture on model integrity and maintainability.
The process industries are by nature a complex, risky business. And that risk can take many forms over a plant's life cycle. First there's schedule risk. From the first moment a new facility gets green-lighted, corporate stakeholders want the plant up and running as quickly as possible so they can start to realize a return on the investment they've approved. Project delays can mean revenue lost forever, as in the case of a patented pharmaceutical. And in the energy industry, earlier "time to first oil" can mean millions of dollars in cash flow. Then there are operational risks. Would an alternate control strategy make the process more efficient?