Email Document Reference

Enter your email address below and the reference for this document will be sent to shortly from webmaster@ceesi.com.

Title: How To Optimise Allocation Systems By Using Monte-Carlo Simulation
Author: L. Coughlan, m. Basil, P. Cox
Source: 1999 North Sea Flow Measurement Workshop
Year Published: 1999
Abstract: The present low Oil price is forcing all petrochemical operating companies to actively review and reduce expenditure whilst maintaining or increasing production, ensuring a healthy return on investment for the shareholders. This has generated the need for new and innovative approaches in the way we manage our business. By forming a common interest group between operating service companies ideas can be developed with more focus and put into practice quicker. The authors having formed such an alliance would like to demonstrate that, by application of system models utilising Monte Carlo Simulation (MCS), how the operator can focus his limited resources and budget in the areas of greatest sensitivity and where the biggest benefit can be gained.

In order to prevent spam and automated file downloads for documents within the Measurement Library, please follow the instructions below and then you will be able to email a reference to this article.