Economic assessment of advanced process control - A survey and framework

Journal of Process Control

Volumn 18, Issue 1, 2008, Pages 2-18

  Bauer, Margret ^a   Craig, Ian K ^a  

^a UNIVERSITY OF PRETORIA   (South Africa)

Author keywords

Advanced process control; Economic performance assessment; Financial analysis; Process control benefits; Process monitoring; Survey

Indexed keywords

COMPUTATIONAL METHODS; ECONOMIC ANALYSIS; EXPERT SYSTEMS; FINANCE; PROCESS MONITORING; PROJECT MANAGEMENT; WORLD WIDE WEB;

ECONOMIC PERFORMANCE ASSESSMENT; FINANCIAL ANALYSIS; PROCESS CONTROL BENEFITS;

PROCESS CONTROL;

EID: 36749085501     PISSN: 09591524     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jprocont.2007.05.007     Document Type: Review

References (87)

1. Edgar T.F. Control and operations: when does controllability equal profitability. Computers & Chemical Engineering 29 (2004) 41-49
2. Canney W.M. Are you getting the full benefit from your advanced process control system?. Hydrocarbon Processing 84 6 (2005) 55-58
3. Canney W.M. The future of advanced process control promises more benefits and sustained value. Oil & Gas Journal 101 16 (2003) 48-54
4. M. Bauer, I.K. Craig, Economic performance assessment of APC projects - a review and framework, in: J.O. Trierweiler (Ed.), Workshop on Solving Industrial Control and Optimization Problems, vol. 1, Gramado, Brazil, April 2006, p. 6.
5. Latour P.R. Demise/rise of process control. Hydrocarbon Processing 85 3 (2006) 71-80
6. Stout T.M., and Williams T.J. Pioneering work in the field of computer process control. IEEE Annals of the History of Computing 17 1 (1995) 20-26
7. Eliot T.Q., and Longmire D.R. Dollar incentives for computer control. Chemical Engineering 69 1 (1962) 99-104
8. Stout T.M. Economics of computers in process control. Automation 13 (1966) 91-97
9. Lane J.W. Four examples where process computers pay off. Instrumentation Technology 15 7 (1968) 46-52
10. Madigan J.M. How managers see computer control. ISA Journal 1 (1963) 49-50
11. Wherry T.C., and Parsons J.R. Guide to profitable computer control. Hydrocarbon Processing 46 4 (1967) 179-182
12. Williams T.J. Economics and the future of process control. Automatica 3 (1965) 1-13
13. Martin P.G. Bottom-line Automation. second ed. (2006), ISA Publishing
14. King M.J. How to lose money with advanced controls. Hydrocarbon Processing 71 6 (1992) 47-50
15. Jakubik R.F., Kader D., and Perillo L.B. Justifying process control computers. Automation 11 3 (1964) 81-84
16. Chintapalli P.S.R.K., and Douglas J.M. The use of economic performance measures to synthesize optimal control systems. Industrial & Engineering Chemistry, Fundamentals 14 1 (1975) 1-10
17. Cutler C.R., and Perry R.T. Real time optimization with multivariable control is required to maximize profits. Computers & Chemical Engineering 7 5 (1983) 663-667
18. Fisher W.R., Doherty M.F., and Douglas J.M. Evaluating significant economic trade-offs for process design and steady-state control optimization problems. AIChE Journal 31 9 (1985) 1538-1547
19. P.R. Latour, The hidden benefits from better process control, Technical Papers of ISA, 528 (1976) 49-59.
20. Latour P.R., Sharpe J.H., and Delaney M.C. Estimating benefits from advanced control. ISA Transactions 25 4 (1986) 13-21
21. Stout T.M. Estimating plant profits for process computer control. Instrumentation Technology 16 (1969) 59-61
22. Stout T.M., and Cline R.P. Control system justification. Instrumentation Technology 9 (1976) 51-58
23. Stout T.M. Economic justification of computer control systems. Automatica 9 (1973) 9-19
24. Silva R. Plant savings and the control hierarchy. Instruments and Control Systems 41 6 (1968) 85-88
25. Bernard J.W., Beaverstock M.C., and Evans L.B. Economic modeling of process management and control systems. ISA Transactions 18 2 (1979) 91-100
26. Moro T.J. Using advanced control for profitability. Process Engineering 80 11 (1999) 27-29
27. F. Tolfo, A methodology to estimate the economic returns of advanced control projects, in: Proceedings of the American Control Conference, 1983, pp. 1141-1145.
28. H.T. Su, Operation-oriented advanced process control, In: Proceedings of the 2004 IEEE International Symposium on Intelligent Control, Taipei, Taiwan, September 2004, IEEE, pp. 252-257.
29. Shunta J.P. Achieving World Class Manufacturing Through Process Control (1995), Prentice-Hall, New Jersey
30. McMillan G.K. Benchmarking studies in process control. INTECH 39 (1992) 44-46
31. Sivasubramanian R., and Penrod W.V. Computer control for third world countries. Hydrocarbon Processing 69 8 (1990) 84C-84L
32. Aronson C.R., and White D.C. Implementing advanced controls with new DCSs. Hydrocarbon Processing 69 6 (1990) 24-48
33. Bhullar R.S. Strategies for implementing advanced process controls in a distributed control system (DCS). ISA Transactions 32 (1993) 147-156
34. Gidwani K.K., and Beckman R.F. Evaluation of refinery control systems. ISA Transactions 33 (1994) 217-225
35. Tinham B. Make money with advanced applications. Control and Instrumentation 27 3 (1995) 46-47
36. T.E. Marlin, G.W. Barton, M.L. Brisk, J.D. Perkins, Advanced process control: Project report and technical papers. Technical report, Warren Centre for Advanced Engineering, Sydney, 1987.
37. Loeblein C., Perkins J.D., Sriniasan B., and Bonvin D. Economic performance analysis in the design of on-line batch optimization systems. Journal of Process Control 9 1 (1999) 61-78
38. Loeblein C., and Perkins J.D. Structural design for on-line process optimization: I. Dynamic economics of MPC. AIChE Journal 45 5 (1999) 1018-1029
39. Contreras-Dordelly J.L., and Marlin T.E. Control design for increased profit. Computers & Chemical Engineering 24 2 (2000) 267-272
40. Lear J.B., Barton G.W., and Perkins J.D. Interaction between process design and process control: the impact of disturbances and uncertainty on estimates of achievable economic performance. Journal of Process Control 5 1 (1995) 49-62
41. Zhou Y., Bao J., McLellan P.J., and Forbes J.F. Estimation of controller benefits: an optimization-based approach. Pulp & Paper Canada 103 (2002) 23-27
42. Zhou Y., and Forbes J.F. Determining controller benefits via probabilistic optimization. International Journal of Adaptive Control and Signal Processing 17 (2003) 553-568
43. K.R. Muske, C.S. Finnegan, Analysis of a class of statistical techniques for estimating the economic benefit from improved process control, in: J.B. Rawlings, B.A. Ogunnaike, J.W. Eaton (Eds.), Proceedings of CPC VI, volume 326 of AIChE Symposium Series, 2002, pp. 98-105.
44. Muske K.R. Estimating the economic benefit from improved process control. Industrial & Engineering Chemistry Research 42 (2003) 4535-4544
45. Xu F., Huang B., and Akande S. Performance assessment of model predictive control for variability and constraint tuning. Industrial & Engineering Chemistry Research 46 (2007) 1208-1219
46. Takatsu H., Itoh T., and Araki M. Future needs for the control theory in industries - report and topics of the control technology survey in Japanese industry. Journal of Process Control 8 5,6 (1998) 369-374
47. Korchinski W.J., Kaneko R., Bunya T., Asai H., and Rasmussen K. Economic analysis of FCCU control reexamined. Hydrocarbon Processing 18 4 (1999) 103-106
48. Lant P., and Steffens M. Benchmarking for process control: should I invest in improved process control?. Water Science Technology 37 12 (1998) 49-54
49. Marlin T.E., Perkins J.D., Barton G.W., and Brisk M.L. Benefits from process control: results of a joint industry-university study. Journal of Process Control 1 (1991) 68-83
50. Friedmann P.G. Automation and Control Systems Economics. second ed. (2006), ISA - The Instrumentations, Systems and Automation Society
51. N. Bonavita, Benchmarking of advanced technologies for process control: an industrial perspective. In: Proceedings of the American Control Conference, Arlington, VA, June 2001, pp. 4328-4329.
52. N.M. Bawden, The prediction, quantification and evaluation of advanced control benefits, Master's thesis, University of Witswatersrand, 1993.
53. Williams A.K., and Rameshi M. Real-time economic control. Hydrocarbon Processing 77 9 (1998) 99-110
54. Craig I.K., Hulbert D.G., Metzner G., and Moult S. Optimized multivariable control of an industrial run-of-mine milling circuit. Journal of the South African Institute of Mining and Metallurgy 92 (1992) 169-176
55. Craig I.K., and Koch I. Experimental design for the economic performance evaluation of industrial controllers. Control Engineering Practice 11 1 (2003) 57-66
56. Oosthuizen D.J., Craig I.K., and Pistorius P.C. Economic evaluation and design of an electric arc furnace controller based on economic objectives. Control Engineering Practice 12 3 (2004) 253-265
57. Latour P.R. Process control: clifftent shows it's more profitable than expected. Hydrocarbon Processing 75 (1996) 75-80
58. McMahon T.K. Clifftent for process optimization. Control 17 12 (2004) 66-70
59. Wei D., Craig I.K., and Bauer M. Multivariate economic performance assessment of an MPC controlled electric arc furnace. ISA Transactions 46 3 (2007) 429-436
60. Yeager R. New profits from advanced control. PIMA Magazine 4 1 (1995) 38-44
61. Martin G.D., Turpin L.E., and Cline R.P. Estimating control function benefitsm. Hydrocarbon Processing 70 6 (1991) 68-73
62. Latour P.R. Quantifying quality control's intangible benefits. Hydrocarbon Processing 71 5 (1992) 61-68
63. Martin G. Understand control benefit estimates. Hydrocarbon Processing 83 10 (2004) 43-46
64. Bozenhardt H., and Dybeck M. Estimating savings from upgrading process control. Chemical Engineering 3 2 (1986) 99-102
65. Stout T.M. Evaluating control system payout from process data. Control Engineering 7 (1960) 93-97
66. Qin S.J. Control performance monitoring - a review and assessment. Computers & Chemical Engineering 23 (1998) 173-186
67. Munoz C., and Cipriano A. An integrated system for supervision and economic optimal control of mineral processing plants. Minerals Engineering 12 6 (1999) 627-643
68. M. Bauer, I.K. Craig, E. Tolsma, H. de Beer, A profit index for assessing the benefits of process control, Industrial & Engineering Chemistry Research, in press, doi:10.1021/ie0614273.
69. Lababidi H.M.S., Kotob S., and Yousuf B. Refinery advanced process control planning system. Computers & Chemical Engineering 26 (2002) 1303-1319
70. King M.J. Automation of oil movement systems prevents mistakes, saves money. Oil & Gas Journal 91 12 (1993) 76-82
71. Gordon L. Profitable process control. Control Engineering 53 3 (2006) IP1
72. Richard L.A., Spencer M., Schuster R., Tuppinger D.M., and Wilmsen W.F. Austrian refiner benefits from advanced control. Oil & Gas Journal 93 12 (1995) 70-78
73. Canney W.M. Advanced process control powers developments in operations management. Oil & Gas journal 102 42 (2004) 50-53
74. Anderson J., Backx T., Van Loon J., and King M. Getting the most from advanced process control. Cost Engineering 38 11 (1996) 31-38
75. Bonavita N., Martini R., and Grosso T. A step-by-step approach to advanced process control. Hydrocarbon Processing 82 10 (2003) 69-73
76. Maheshri J.C., Kotob S., and Yousuf D.H. Hydrocracker advanced control improves profitability. Instrumentation and Control 79 10 (2000) 85-92
77. Fiske T. Advanced process control for competitive advantage. Hydrocarbon Processing 2 (2006) 15-16
78. Johnson D. Process automation systems. Control Engineering 53 6 (2006) 74
79. Den Bakker K., Seppala C., and Snoeren R. Automation and control: maintaining the optimum advanced process control. Petroleum Technology Quarterly 1 (2003) 107-113
80. Cohen M.H., and Arzenheimer M. Benefits of advance process control maintenance. Hydrocarbon Processing 74 1 (1995) 49-56
81. M. Ruel, Performance monitoring and supervision: an economic point of view. Technical Papers of ISA, 459 (2005) 139-151.
82. A. Poncet, M. Morari, Value for money. ABB Review, 2, 1995.
83. Shobrys D.E., and White D.C. Planning, scheduling and control systems: why cannot they work together. Computers & Chemical Engineering 26 (2002) 149-160
84. Kookos I.K. Real-time regulatory control structure selection based on economics. Industrial & Engineering Chemistry Research 44 11 (2005) 3993-4000
85. K Craig I., and Henning R.G.D. Evaluation of advanced industrial control projects: a framework for determining economic benefits. Control Engineering Practice 8 7 (2000) 769-780
86. Haskins D.E. How to justify small-refinery info/control system modernization: innovative financing, partnering and manpower strategies can make the difference. Hydrocarbon Processing 72 5 (1993) 69-72
87. Downs J.J., and Vogel E.F. Plant-wide industrial process control problem. Computers & Chemical Engineering 17 3 (1993) 245-255