Effective KPIs and KPI hierarchies are one of 6 Keys to Improving Operational Effectiveness. A properly designed hierarchy of KPIs, aligned throughout the layers of the organization, will ensure that performance of lower level KPIs will produce corresponding improvements in the highest level KPIs.

The upstream oil and gas sector has faced a variety of challenges such as unpredictable oil prices, changing patterns of demand and ensuring safe working conditions at remote sites. Accelerated digitalization programs, particularly those that include digital twin technology, can provide agility and resilience to better handle future market uncertainty and lay the foundation for longer term competitive advantage.

The infrastructure supporting manufacturing operations in bulk chemicals has become pretty robust. The plants tend to be well instrumented and monitored. Sure, there are improvements to be made but when you compare the infrastructure prevalent in continuous plants with that of batch plants, you might find a pretty substantial gap.

Engineering, Procurement and Construction (EPC) firms with a large presence in the process industries are preparing for a major disruption to their business. The now inevitable scaling back, delaying or cancelling of projects will have a tremendous effect on these companies. A top priority for EPCs, which typically operate on very thin margins and own few assets, will be preserving cash.

Both EPCs and owner-operators need to look at better estimating business processes and systems. That spreadsheet approaches are a major project risk and bottleneck.

アスペンテックは、第一原理に基づくプロセスシミュレーションモデルと専門知識をAIおよびアナリティクスアルゴリズムと統合するための手法を考案しました。その結果生まれたアプリケーションソフトウェアは、第一原理モデリングだけ、あるいはAIだけの場合よりも多くのことを達成できるハイブリッドモデリングシステムです。

Why APC should be implemented on secondary units. Includes sections on environmental emissions control, fuel gas networks control and optimization, sulphur complex control and steam networks control.

The value of dynamic modeling across the asset creation lifecycle.

This blog presents Aspen Economics as the next evolution in managing projects with cost as the fifth dimension (3D + time + cost) to improve on time, on budget projects with higher quality designs. Positions AspenTech as an innovator.

See how Genesis Consulting reduced “time to first oil” by two weeks, saving $3 million. This was accomplished through HYSYS and HYSYS dynamics models integrated with an FPSO's DCS control systems, for remote DCS testing and checkout.