Accelerated First Oil With Integrated Execution Model, Digital FEED Platform And Product Standardization

2021 ◽  
Author(s):  
Hemant Priyadarshi ◽  
Chris Waskow ◽  
Carolina Cruz ◽  
Jonathan Sammon ◽  
Thomas Parenteau
Keyword(s):  
Return On Investment ◽  
Production Systems ◽  
Project Delivery ◽  
Digital Platforms ◽  
Front End ◽  
Product Standardization ◽  
Execution Model ◽  
Engineering Effort ◽  
Additional Value

Abstract This paper illustrates how a subsea integrated ("SURF – Subsea Umbilicals Risers Flowlines" and "SPS – Subsea Production systems") execution model can be significantly improved in further reducing the time to first oil. It illustrates the use of digital platforms for FEEDs (Front End Engineering and Design) and Configure to Order (CTO) product designs to provide further schedule improvements resulting in an enhanced execution model. The time to first oil is considerably improved by cruising through the Front-End design gates using digital FEED platforms. CTO designs enable a project to reach the manufacturing gate faster by reducing detailed engineering effort significantly and in some cases eliminating it. The paper provides an introduction to the conventional execution model (Split SURF and SPS scopes), the integrated execution model (combined SURF and SPS scopes) and the enhanced integrated execution model (using digital FEED platform and CTO products). A comparison has been made on project delivery schedules between the three models illustrating the schedule savings through use of digital FEED platforms and CTO designs. It concludes that digitalization of FEEDs and standardization of product configurations create value for the operators in context of faster return on investment. Digital FEEDs are a new concept and still in its infancy. CTO design is a known concept; however, in context of a subsea project, how it may improve schedule delivery is not well established. These factors are truly an enhancement to the integrated execution approach and the additional value gets delivered to the end customer by further accelerating the time to first oil.

Measuring the Effectiveness of Social Media in a B2B Scenario in India

2021 ◽  
Vol 9 (2) ◽  
pp. 285-300
Author(s):  
Krishanu Bhattacharyya ◽  
Bikash Ranjan Debata
Keyword(s):  
Social Media ◽  
Return On Investment ◽  
Business Models ◽  
Business Owners ◽  
Digital Platforms ◽  
Four Dimensions ◽  
The Social

Digitalisation is a global phenomenon that is a worthwhile proposition for the development of any nation’s economy. Social media contributes significantly to the development of an economy by the spreading and democratisation of information through global players, such as Facebook, YouTube, LinkedIn etc. According to a Forbes report in 2017, these digital platforms create new ecosystems and business models for business owners and entrepreneurs. Whilst a report by Statista in 2020 states that there were 3.6 billion social media users worldwide and the number is expected to grow to 4.4 billion by 2025. Return on Investment (ROI) measurement of social media, which is a very important component for organisations to evaluate its success or effectiveness, remains a major challenge for organisations, despite number of attempts having been made by experts in the field. This study is aimed at understanding how the success and effectiveness of social media is measured in a B2B scenario. Various frameworks on social media ROI measurement are critically evaluated. Then, a tool for measuring social media ROI is developed, such that businesses will be able to evaluate their social media investments. The instrument covers 14 variables over four dimensions.  The results indicate that respondents perceived organic return as the most important dimension. It is also evident that brand testament is found the least perceived dimension for measuring the social media ROI.

scholarly journals Medium, Small, adna Medium Enterprises and Digital Platforms

2021 ◽  
Author(s):  
Dina
Keyword(s):  
Supply Chains ◽  
Production Systems ◽  
Global Supply Chains ◽  
Digital Platforms ◽  
National Production ◽  
Medium Enterprises

Digitization has proven to be able to open up inclusiveness and electronification in Indonesia. MSMEs need to be continuously improved so that they can be integrated into national production systems or global supply chains.

Successful project delivery in complex brownfield environments

2011 ◽  
Vol 51 (2) ◽  
pp. 694
Author(s):  
J Sofra ◽  
Andrew Stewart
Keyword(s):  
Cost Effective ◽  
Project Delivery ◽  
Special Focus ◽  
Construction Engineering ◽  
Simultaneous Operations ◽  
Operations And Maintenance ◽  
Management Project ◽  
Engineering Effort ◽  
The Right ◽  
The Impact

Delivering services and projects in a brownfield environment has unique challenges. Brownfield, by its very nature, involves highly constrained and dynamic environments. This requires stakeholders to work collaboratively and be creative and nimble. Effective communication between client and service provider is essential. This is because the decision-making horizons are significantly shorter and consequences are more immediate. Brownfield projects are typically organised to minimise inter-discipline interfaces, with seamless delivery from engineering through to construction. Engineering effort needs to be the right sized based on the level of complexity and risk involved to ensure the effort and cost expended is appropriate for the modification or upgrade. When planning and executing brownfield projects, the following areas require special focus: health, safety and the environment—to cope with the inherently higher risks due to live inventory, lack of space, simultaneous operations and increased personnel; interface with operations—to plan, manage and minimise disruption to production; live systems—to assess the impact/disruption to energised systems and coordinate tie-ins; production—to minimise disruption and ensure that the project is executed safely while production continues; hot work—to a minimum and where necessary contain naked flame and spark activity on site; integrity—to ensure the condition of the asset is well understood and any sub-system upgrades to accommodate the modification are identified; limited space—to accommodate temporary project facilities, minimising the impact on operations and maintenance activities; and, access—to ensure that the project is planned to lessen disruption, maximise off-site preparation and to minimise on-site construction. Systematic program management, project engineering, and a tiered engineering approach are essential to cost effective and timely delivery. For each of the eight key areas we detail some of the subtle and enabling strategies/tools that distinguish brownfield project delivery from greenfield.

Uber-production: From global networks to digital platforms

2020 ◽  
Vol 52 (5) ◽  
pp. 1005-1016 ◽  
Author(s):  
Gernot Grabher ◽  
Erwin van Tuijl
Keyword(s):  
Sharing Economy ◽  
Digital Transformation ◽  
Production Networks ◽  
Global Production Networks ◽  
Global Networks ◽  
Digital Platforms ◽  
Four Dimensions ◽  
Digital Capitalism ◽  
Front End ◽  
Business To Business

Uber and Airbnb have advanced into emblematic cases in debates in which the new digital capitalism is framed in terms of the so-called sharing economy. While this strand of inquiry has produced a wealth of insights into the workings and impacts of peer-to-peer platforms, the digital transformation of business-to-business interactions has so far attracted less attention. The present Exchange confronts this challenge by juxtaposing platform conceptions with a pre-eminent framework to conceptualize business-to-business relations: global production networks (GPN). Specifically, this Exchange addresses challenges posed by the platform approach for the GPN framework in the four dimensions: value (from owning assets to granting access), governance (from make-or-buy to employ-or-enable), management (from back-end to front-end) and labour (from jobs to gigs).

Effects of Front-End Planning under Fast-Tracked Project Delivery Systems for Industrial Projects

2017 ◽  
Vol 14 (3) ◽  
pp. 163-178 ◽  
Author(s):  
Jayakrishnan Sindhu ◽  
Kunhee Choi ◽  
Sarel Lavy ◽  
Zofia K. Rybkowski ◽  
Ben F. Bigelow ◽  
...  
Keyword(s):  
Delivery Systems ◽  
Project Delivery ◽  
Front End Planning ◽  
Front End ◽  
Industrial Projects

CHALLENGES OF FRONT-END LOADING IN CONSTRUCTION PROJECT DELIVERY

2018 ◽  
Vol 5 (2) ◽  
Author(s):  
Douglas Aghimien ◽  
Clinton Aigbavboa ◽  
Ayodeji Oke ◽  
Matleko Setati
Keyword(s):  
Construction Projects ◽  
Early Stage ◽  
Project Planning ◽  
Project Team ◽  
Project Delivery ◽  
Gauteng Province ◽  
Team Members ◽  
Front End ◽  
Insufficient Time ◽  
Survey Approach

Adopting a good pre-project planning or front-end loading method during the early stage of construction is important to the success of the project. However, most construction projects have failed as a result of poor project planning at their early stage. Based on this knowledge, this study assessed the challenges facing the use of front-end loading. The study adopted a quantitative survey approach and questionnaire was used to harness information on the objective of the study from construction professionals in Gauteng Province, South Africa. Data gathered were analysed using statistical tools such as percentage, mean score and standard deviation. Findings revealed that the major challenges affecting the use of front-end loading are inability to identify importance of the process, unreliable information during early project stages, insufficient time to thoroughly carry out the front-end loading process, indecisiveness or lack of knowledge by the client, and lack of structured project team during inception phases of the project. It is therefore recommended that the construction clients be made aware of the importance of front-end loading, while project team members should be introduced to the project from the early stage of the project.

scholarly journals COVID-19 and public-sector capacity

2020 ◽  
Vol 36 (Supplement_1) ◽  
pp. S256-S269 ◽  
Author(s):  
Mariana Mazzucato ◽  
Rainer Kattel
Keyword(s):  
Public Sector ◽  
Dynamic Capabilities ◽  
Public Services ◽  
Production Systems ◽  
Digital Platforms ◽  
Learn Capacity

Abstract The paper argues that to govern a pandemic, governments require dynamic capabilities and capacity—too often missing. These include capacity to adapt and learn; capacity to align public services and citizen needs; capacity to govern resilient production systems; and capacity to govern data and digital platforms.

Online parameter estimation for cyber-physical production systems based on mixed integer nonlinear programming, process mining and black-box optimization techniques

2018 ◽  
Vol 66 (4) ◽  
pp. 331-343 ◽  
Author(s):  
Jens Otto ◽  
Birgit Vogel-Heuser ◽  
Oliver Niggemann
Keyword(s):  
Production Systems ◽  
Process Mining ◽  
Black Box ◽  
Optimization Techniques ◽  
Mixed Integer ◽  
Software Components ◽  
Integer Nonlinear Programming ◽  
Engineering Effort ◽  
Free Parameters ◽  
Cyber Physical Production Systems

AbstractCyber-Physical Production Systems (CPPS) should adapt to new products or product variants efficiently and without extensive manual engineering effort. In comparison to rewriting the automation software for each adaption, manual engineering effort can be reduced by reusable software components with free parameters, which must be adjusted to individual production scenarios. This paper introduces CyberOpt Online, a novel online parameter estimation approach for reusable automation software components. In contrast to classic mathematical modeling approaches, such as Mixed Integer Nonlinear Programming (MINLP), our approach requires no predefined models that represent the system. Models, e. g., of the energy consumption of CPPS, are learned automatically from data observed during the operation of the production system. Therefore, the manual engineering effort is minimized as postulated by the paradigm of CPPS. The presented approach combines MINLP, process mining and black-box optimization techniques for calculating optimal timing parameter configurations for automation software components with free parameters in the domain of discrete manufacturing.

scholarly journals Resilience in Industry 4.0 Digital Infrastructures and Platforms

2021 ◽  
Author(s):  
Daniel Ribeiro ◽  
António Almeida ◽  
Américo Azevedo ◽  
Filipe Ferreira
Keyword(s):  
Industry 4.0 ◽  
Production Systems ◽  
Mitigation Strategies ◽  
Manufacturing Processes ◽  
Digital Platforms ◽  
New Methodologies ◽  
Product Customization ◽  
Physical Assets ◽  
Cyber Physical Production Systems ◽  
And Control

We live in a world where companies are shifting to the industry 4.0 paradigm. One of the pillars of Industry 4.0 is the digitalization of physical assets and manufacturing processes, moving toward the Cyber-Physical Production Systems concept (CPPS). In these systems, every component of the production process – machines, tools, workstations, etc. – is equipped with sensors, possesses information about itself, and can interact with each other, allowing the production of smaller batches at lower prices and increase product customization through adaptative processes. Consequently, companies are evolving their information systems to have more visibility and control over their production systems. This change increases both the production system’s agility and its vulnerability to communication and information related disruptions. Hence, companies that adhere to Industry 4.0 enabling technologies must adopt new methodologies and tools to become aware of the new risks that arise by the introduction of new digital platforms, their impacts in the production systems, and how they may react to remain resilient. In this paper, disruption events and adequate mitigation strategies are analysed, modelled, and simulated as part of a methodology designed to measure the impacts of disruptive events on the production system.

scholarly journals Analisis Kinerja Keuangan Pt Summarecon Agung Tbk Dan Pt Pakuwon Jati Dengan Menggunakan Metode Du Pont System Dan Analisis Economic Value Added (Eva) Periode 2015-2017

2019 ◽  
Vol 2 (5) ◽  
Author(s):  
Esterlina Angela Juliana
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Analysis Method ◽  
Net Profit ◽  
Asset Turnover ◽  
Analysis System ◽  
Additional Value

Research at PT Summarecon Agung Tbk and PT Pakuwon Jati Tbk, located in Jakarta, aims to assess the financial performance of PT Summarecon Agung Tbk and PT Pakuwon Jati Tbk 2015-2017. The analytical method uses in this research is Du Pont System and Economic Value Added (EVA). Du Pont System is an analysis system intended to show relation between return on investment, net profit margin, and total asset turnover. Economic Value Added (EVA) is an additional value to shareholders by management in a certain period. The result of the calculation of the financial performance of PT Summarecon Agung Tbk year period 2015-2017 with the Du Pont System shows a positive value and tend to increase per year. And for the analysis method of Economic Value Added shows value fluctuation also decrease per year. As for the analysis using the EVA method, the fluctuating value also decreases per year. The results of the calculation of the performance of PT Pakuwon Jati Tbk period in 2015-2017 with Du Pont System showed a positive value and experienced an increase and decrease every year. As for the analysis using the EVA method, the value of fluctuations also decrease and increase every year. In this case, the company needs to improve the efficiency of the company, both PT Summarecon Agung Tbk and PT Pakuwon Jati in utilizing capital and managing assets owned by the company

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