NDLI: Real-time shared resource allocation by price coordination in an integrated petrochemical site

Content Provider	IEEE Xplore Digital Library
Author	Stojanovski, G. Maxeiner, L. Kramer, S. Engell, S.
Copyright Year	2015
Description	Author affiliation: INEOS Koln GmbH, Köln, Germany (Kramer, S.) \|\| Process Dynamics & Oper. Group, Tech. Univ. of Dortmund, Dortmund, Germany (Stojanovski, G.; Maxeiner, L.; Engell, S.)
Abstract	The efficient real-time plant-wide coordination of petrochemical production sites is a challenging and yet not fully resolved problem and its solution can substantially improve the productivity and the efficiency of such complex petrochemical plants. While a site-wide integrated optimization might be feasible in principle, the size of the problem, the unavailability of data and the management structures of the plants favour a distributed solution, where the global coordination has to be achieved by suitable mechanisms. In this paper we propose price based coordination in a moving horizon setting to achieve plant-wide real-time coordination of the utilization of shared resources without communication of detailed knowledge of the structure of the subsystems. The shared resources are considered as market commodities that are traded between the units and global coordination is achieved by real-time adjustment of their market prices. We provide results of different price coordination methods for a model of an integrated petrochemical site. The results clearly show that market mechanisms can be applied for the coordination of large sites in the petrochemical industry.
Starting Page	1498
Ending Page	1503
File Size	200578
Page Count	6
File Format	PDF
e-ISBN	9783952426937
DOI	10.1109/ECC.2015.7330751
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2015-07-15
Publisher Place	Austria
Access Restriction	Subscribed
Rights Holder	EUCA
Subject Keyword	Couplings Industries Petrochemicals Real-time systems Optimization Chemicals
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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