| Align Olefin Operations to Economics - Clifftent Optimizes Setpoints | ||
| Pierre R. Latour, CLIFFTENT Inc., 810 Herdsman Dr., Houston, TX 77079 Olefin plant operation targets should be aligned directly with economics to maximize profit rate. The 1996 performance measure method for process control and IT that associates a profit tradeoff with each CV/KPI distribution allows olefin plant operators who know the financial consequences of violating limits to rigorously align operating conditions to economics, generating profit >0.005 $/lb ethylene. The risk optimization method, candidate applications, requirements and eleven important results are given. Extended Abstract Status: File Uploaded | ||