February 2016

Process Engineering and Optimization

Use discrete event simulation as decision support for storage and shipping—Part 2

Over the past decades, one engineering firm has been using discrete event simulation (DES) to study shipping and storage as an integral part of project execution throughout all phases of a process facility’s design, construction and operations.

Over the past decades, one engineering firm has been using discrete event simulation (DES) to study shipping and storage as an integral part of project execution throughout all phases of a process facility’s design, construction and operations. The simulation quantifies and visualizes the operations prior to actual project capital commitment, generating millions of dollars in savings for clients. A successful solution optimizes lifecycle costs by balancing the capacity for material movement and storage capacity against risks, unforeseen events and the overall project schedule, as discussed in Part 1, published in January. Part 2 presents a four-step simulation-based methodology and shows a

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact email Peter Ramsay or call +44 20 3409 2240*.

*Access will be granted the next business day.

Related Articles

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}