Page 372 - Design of Simple and Robust Process Plants
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9.4 Performance (Profit) Meter  359
                If the results are integrated over a longer time period, the variations in hold up with-
                in the process will have a reduced effect. If storage is included in the flowsheet, the
                variations in storage are considered to be captured in the model.
                  Hold-up variations in the process might be included in the flowsheet model by
                defining a vessel with hold-up measurements (level).
                  Process stability has a direct impact on performance meters with a relative short
                integration time, as used for CLOs. The only way to achieve this is through
                improved control. This would make it possible to narrow down the criteria for
                steady-state detection and so would impact on the calculated value over smaller time
                intervals. The noise of the signal (performance)would be reduced and as such make
                it a more accurate measurement for tracking of CLOs.
                  The model is mostly written in the same simulator (equation-based with open
                equations)as the process model and the design of the performance meter is com-
                bined with the data reconciliation step. A stand-alone performance meter is de-
                signed to be simpler in which case the optimization routine is written explicitly to
                avoid installing an extended simulator/optimization package.

                Summary
                In general, operation optimization of continuous processes include:

                  .   The objectives for process plants are to operate continuously at the most eco-
                      nomical conditions in a continuously changing environment of: feed product
                      and energy prices, capacity, feed compositions, product qualities and distribu-
                      tion, aging/fouling factors of process equipment and catalyst, meteorological
                      conditions, and transient operations.
                  .   OO might be executed off-line versus closed loop; off-line optimization is pre-
                      ferred when the conditions for the plant do not change frequently (daily
                      basis), while the number of DOF is limited.
                  .   CLO follows a sequential operational cycle to be discussed in detail in the
                      next section.
                  .   OO savings to be realized are in the order of percentages of the variable opera-
                      tional margin, while capacity increments may fall in the 5±10% category.
                  .   The level of accuracy required for OO models is rather high, in the order of tenths
                      of a percentage of the operational cost. The following statement supports this:

                  Any inaccuracy of an optimization activity results in a missed opportunity

                The validation of OO models to achieve the required accuracy next to model building
                is a very conscious activity.
                  .   Performance measurement is a detection method to measure the variable
                      operating margin of an on-line process based on reconciled mass and heat
                      balances and prices. The measurement is designed continuously to track the
                      performance of a process, and can be used to detect mismatch between actual
                      and simulated performance; thus it is an ultimate validation of the simula-
                      tion. The design of an accurate performance meter is discussed.
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