A decision support tool for bi-objective risk-based maintenance scheduling of an LNG gas sweetening unit

2019 ◽  
Vol 25 (1) ◽  
pp. 65-89 ◽  
Author(s):  
Abdul Hameed ◽  
Syed Asif Raza ◽  
Qadeer Ahmed ◽  
Faisal Khan ◽  
Salim Ahmed

Purpose The purpose of this paper is to develop a decision support tool for risk-based maintenance scheduling for a large heavily equipped gas sweetening unit in a Liquefied Natural Gas (LNG) plant. Two conflicting objectives, i.e., total maintenance cost and the reliability, are considered in the tool. The tool is tested with the real plant data and suggests several Pareto-optimal schedules for a decision maker to choose from. The financial impacts are assessed. Design/methodology/approach A bi-objective scheduling optimization model is developed for maintenance scheduling using a risk-based framework. The model is developed integrating genetic algorithm and simulation-based optimization to find Pareto-optimal schedules. The model delivered true Pareto front optimal solutions for given plant-specific data. The two conflicting objectives: the minimization of total expenditures incurred on maintenance-related activities and improving the total reliability are considered. Findings For large and complex processing facilities such as LNG plant, a shutdown of facility generates a significant financial impact, resulting in millions of dollars in production loss. The developed risk-based equipment selection strategy helps to minimize such an event of production loss by generating a thorough maintenance strategy for inspection, repair, overhaul or replacement schedule of the unit without initiating the shutdown. The proposed model has been successfully applied to obtain an optimize maintenance schedule for a gas sweetening unit. Research limitations/implications A future work may consider the state-dependent models for various failure modes that will result in obtaining a better representation of the model. The proposed scheduling can further be extended to multi-criteria scheduling including availability, resource limitation and inflationary condition. A comparative analysis with other meta-heuristic techniques such as harmony search algorithm, tabu search, and simulated annealing will further help in confirming the schedule obtained from this application. Practical implications Maintenance scheduling using a conventional approach for special equipment generally does not consider the conflicting objectives. This research addresses this aspect using a bi-objective model. The usefulness of risk-based method is to assist in minimizing the financial and safety risk exposure to the operating companies, but some variation in results is expected due to varying risk matrix for different organizations. Social implications Managing two objectives, i.e., minimizing the cost of maintenance-related activities, while at the same time maximizing the overall reliability dramatically, helps in mitigating adverse safety and financial risk due to fires, explosions, fatality and excessive maintenance cost. Originality/value Research develops a decision support tool for managing conflicting objectives for an LNG process. This research highlights the impact of utilizing the simulation-based approach coupled with risk-based equipment selection for complex processing unit or plant maintenance scheduling optimization.

2021 ◽  
Vol 13 (5) ◽  
pp. 2947
Author(s):  
Vítor Silva ◽  
Luís Pinto Ferreira ◽  
Francisco J. G. Silva ◽  
Benny Tjahjono ◽  
Paulo Ávila

To remain competitive, companies must continuously improve the processes at hand, be they administrative, production, or logistics. The objective of the study described in this paper was to develop a decision-making tool based on a simulation model to support the production of knits and damask fabrics. The tool was used to test different control strategies for material flow, from the raw material warehouse to the finished product warehouse, and thus can also be used to evaluate the impacts of these strategies on the productivity. The data upon which the decision support tool was built were collected from five sectors of the plant: the raw material warehouse, knit production, damask production, finishing work, and the finished product warehouse. The decision support tool met the objectives of the project, with all five strategies developed showing positive results. Knit and damask production rates increased by up to 8% and 44%, respectively, and a reduction of 75% was observed in the waiting time on the point of entry to the finishing work area, compared to the company’s existing system.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Serhat Simsek ◽  
Abdullah Albizri ◽  
Marina Johnson ◽  
Tyler Custis ◽  
Stephan Weikert

PurposePredictive analytics and artificial intelligence are perceived as significant drivers to improve organizational performance and managerial decision-making. Hiring employees and contract renewals are instances of managerial decision-making problems that can incur high financial costs and long-term impacts on organizational performance. The primary goal of this study is to identify the Major League Baseball (MLB) free agents who are likely to receive a contract.Design/methodology/approachThis study used the design science research paradigm and the cognitive analytics management (CAM) theory to develop the research framework. A dataset on MLB's free agents between 2013 and 2017 was collected. A decision support tool was built using artificial neural networks.FindingsThere are clear links between a player's statistical performance and the decision of the player to sign a new offered contract. “Age,” “Wins above Replacement” and “the team on which a player last played” are the most significant factors in determining if a player signs a new contract.Originality/valueThis paper applied analytical modeling to personnel decision-making using the design science paradigm and guided by CAM as the kernel theory. The study employed machine learning techniques, producing a model that predicts the probability of free agents signing a new contract. Also, a web-based tool was developed to help decision-makers in baseball front offices so they can determine which available free agents to offer contracts.


2020 ◽  
Vol 25 (2) ◽  
pp. 183-199 ◽  
Author(s):  
Zhe Zhang ◽  
Zhi Ye Koh ◽  
Florence Ling

Purpose This study aims to develop benchmarks of the financial performance of contractors and a decision support tool for evaluation, selection and appointment of contractors. The financial benchmarks allow contractors to know where they are relative to the best-performing contractors, and they can then take steps to improve their own performance. The decision support tool helps clients to decide which contractor should be awarded the project. Design/methodology/approach Financial data between 2013 and 2015 of 44 Singapore-based contractors were acquired from a Singaporean public agency. Benchmarks for Z-score and financial ratios were developed. A decision tree for evaluating contractors was constructed. Findings This study found that between 57% and 64% of contractors stayed in the financially healthy zone from 2013 to 2015. Ratios related to financial liabilities are relatively bad compared with international standards. Research limitations/implications The limitation is that the data is obtained from a cross-sectional survey of contractors’ financial performance in Singapore over a three-year period. Regarding the finding that ratios relating to financial liabilities are weak, the implication is that contractors need to reduce their financial liabilities to achieve a good solvency profile. Contractors may use the benchmarks to check their financial performances relative to that of their competitors. To reduce financial risks, project clients may use these benchmarks to examine contractors’ financial performance. Originality/value This study provides benchmarks for contractors and clients to examine the financial performance of contractors in Singapore. A decision tree is provided to aid clients in making decisions on which contractors to appoint.


2016 ◽  
Vol 27 (7) ◽  
pp. 898-914 ◽  
Author(s):  
Nicholas A. Meisel ◽  
Christopher B. Williams ◽  
Kimberly P. Ellis ◽  
Don Taylor

Purpose Additive manufacturing (AM) can reduce the process supply chain and encourage manufacturing innovation in remote or austere environments by producing an array of replacement/spare parts from a single raw material source. The wide variety of AM technologies, materials, and potential use cases necessitates decision support that addresses the diverse considerations of deployable manufacturing. The paper aims to discuss these issues. Design/methodology/approach Semi-structured interviews with potential users are conducted in order to establish a general deployable AM framework. This framework then forms the basis for a decision support tool to help users determine appropriate machines and materials for their desired deployable context. Findings User constraints are separated into process, machine, part, material, environmental, and logistical categories to form a deployable AM framework. These inform a “tiered funnel” selection tool, where each stage requires increased user knowledge of AM and the deployable context. The tool can help users narrow a database of candidate machines and materials to those appropriate for their deployable context. Research limitations/implications Future work will focus on expanding the environments covered by the decision support tool and expanding the user needs pool to incorporate private sector users and users less familiar with AM processes. Practical implications The framework in this paper can influence the growth of existing deployable manufacturing endeavors (e.g. Rapid Equipping Force Expeditionary Lab – Mobile, Army’s Mobile Parts Hospital, etc.) and considerations for future deployable AM systems. Originality/value This work represents novel research to develop both a framework for deployable AM and a user-driven decision support tool to select a process and material for the deployable context.


2020 ◽  
Vol 5 (1) ◽  
pp. 121-136
Author(s):  
Christos Papaleonidas ◽  
Dimitrios V. Lyridis ◽  
Alexios Papakostas ◽  
Dimitris Antonis Konstantinidis

Purpose The purpose of this paper is to improve the tactical planning of the stakeholders of the midstream liquefied natural gas (LNG) supply chain, using an optimisation approach. The results can contribute to enhance the proactivity on significant investment decisions. Design/methodology/approach A decision support tool (DST) is proposed to minimise the operational cost of a fleet of vessels. Mixed integer linear programming (MILP) used to perform contract assignment combined with a genetic algorithm solution are the foundations of the DST. The aforementioned methods present a formulation of the maritime transportation problem from the scope of tramp shipping companies. Findings The validation of the DST through a realistic case study illustrates its potential in generating quantitative data about the cost of the midstream LNG supply chain and the annual operations schedule for a fleet of LNG vessels. Research limitations/implications The LNG transportation scenarios included assumptions, which were required for resource reasons, such as omission of stochasticity. Notwithstanding the assumptions made, it is to the authors’ belief that the paper meets its objectives as described above. Practical implications Potential practitioners may exploit the results to make informed decisions on the operation of LNG vessels, charter rate quotes and/or redeployment of existing fleet. Originality/value The research has a novel approach as it combines the creation of practical management tool, with a comprehensive mathematical modelling, for the midstream LNG supply chain. Quantifying future fleet costs is an alternative approach, which may improve the planning procedure of a tramp shipping company.


2012 ◽  
Vol 49 ◽  
pp. 2-15 ◽  
Author(s):  
Shady Attia ◽  
Elisabeth Gratia ◽  
André De Herde ◽  
Jan L.M. Hensen

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