Profit Executive
  • Add to My Bookmarks
  • SHARE 

ProfitTM Executive is a Plant Wide Optimization solution that bridges the planning and execution gap by establishing an overall material, component, and energy balance.  Controlling product quality in real time, thereby reconciling the production plan within the context of the real operating limits of each unit. 

​​​​​

Profit Executive is a patented technology that uses a unique cascaded MPC as a new form of control and optimization, facility wide, using information from the advanced control applications to find a global optimum.

It integrates online process information from existing advanced control applications with the refinery LP.  Several studies have shown that when current active operating constraints and actual unit yields are used in the LP in real time, there are significant benefits to be captured.  

Main objectives of Profit Executive:

  • Unifies the independently manipulated handles in APC applications (for continuous units) and those in blending (for batch operations) to jointly optimize the combined operations;

  • Utilizes the actual unit yields and blend ratios as feedback to improve the accuracy of the models used for refinery-wide optimization;

  • Utilizes the actual operating APC and blending constraint information;

  • Minimizes the property giveaways in the delivered products;

  • Minimizes the unit production costs for making the blending components;

  • Maximizes the product market values (i.e. amount*price), subject to order flexibilities and unit production constraints;

  • Devises new optimal targets in the presence of measured/unmeasured disturbances, such as changes in:

    • feedstock

    • product delivery/orders

    • Operating mode in some units

    • ambient conditions

    • made by operators

Enables plants to:

  • Maximize production across all assets with continuously changing process conditions.

  • Optimize production for the expected, unexpected and future operating conditions with more robust and easy to maintain technology.

  • Capture additional profit of over $1/BBL in benefits without any change in process or equipment.

Documentation
2 Documents FoundItems per page :
TitleUse SHIFT+ENTER to open the menu (new window).
DescriptionUse SHIFT+ENTER to open the menu (new window).
TypeUse SHIFT+ENTER to open the menu (new window).
Release DateUse SHIFT+ENTER to open the menu (new window).
Profit Suite Brochure Achieve process optimization and asset performance, from the control layer, scalable up to site-wide and enterprise level.Learn more about our Profit Suite offering in the brochure. Brochure9 Aug 2018
Product Information Note -Profit Executive Developments in plant-wide optimization technology like Profit Executive present new possibilities to seamlessly integrate refinery LP, APC and blending solutions in a unified, real-time, gate-to-gate optimization framework. Please read the Product Information Note to know more. Brochure24 Jul 2018
 
 
 
 
Want to learn more about Profit Executive?

    Finding the information you need is important to us.

    Did you find what you were looking for today?

      Yes      No

    How likely are you to recommend HoneywellProcess.com to a colleague?

    • 0
    • 1
    • 2
    • 3
    • 4
    • 5
    • 6
    • 7
    • 8
    • 9
    • 10

    Not at all likely

    Extremely likely

    How can we serve you better?

    Your email:

    Your email address will help us get in touch with you to resolve your query/ concern.