Monte Carlo Simulation to Propose Improvements of an Alkyd Resin Process
نویسنده
چکیده
This paper reports findings of a study of a batch chemical process using simulation. A model of an alkyd resin plant is presented and used to carry out improvement studies, to evaluate changes in plant operating conditions. With the proposed changes, in the simulation studies, productivity could be improved to around ten percent. Key-Words: Monte Carlo simulation, alkyd process modeling, probabilistic models, activities duration, simulation improvements.
منابع مشابه
MOCA ARM: Analog Reliability Measurement based on Monte Carlo Analysis
Due to the expected increase of defects in circuits based on deep submicron technologies, reliability has become an important design criterion. Although different approaches have been developed to estimate reliability in digital circuits and some measuring concepts have been separately presented to reveal the quality of analog circuit reliability in the literature, there is a gap to estimate re...
متن کاملApplication of Monte Carlo Simulation in the Assessment of European Call Options
In this paper, the pricing of a European call option on the underlying asset is performed by using a Monte Carlo method, one of the powerful simulation methods, where the price development of the asset is simulated and value of the claim is computed in terms of an expected value. The proposed approach, applied in Monte Carlo simulation, is based on the Black-Scholes equation which generally def...
متن کاملUncertainties due to Fuel Heating Value and Burner Efficiency on Performance Functions of Turbofan Engines Using Monte Carlo Simulation
In this paper, the impacts of the uncertainty of fuel heating value as well as the burner efficiency on performance functions of a turbofan engine are studied. The mean value and variance curves for thrust, thrust specific fuel consumption as well as propulsive, thermal and overall efficiencies are drawn and analyzed, considering the aforementioned uncertainties based on various Mach numbers at...
متن کاملSensitivity Analysis of a Wideband Backward-wave Directional Coupler Using Neural Network and Monte Carlo Method (RESEARCH NOTE)
In this paper sensitivity analysis of a wideband backward-wave directional coupler due to fabrication imperfections is done using Monte Carlo method. For using this method, a random stochastic process with Gaussian distribution by 0 average and 0.1 standard deviation is added to the different geometrical parameters of the coupler and the frequency response of the coupler is estimated. The appli...
متن کاملProbabilistic analysis of stability of chain pillars in Tabas coal mine in Iran using Monte Carlo simulation
Performing a probabilistic study rather than a determinist one is a relatively easy way to quantify the uncertainty in an engineering design. Due to the complexity and poor accuracy of the statistical moment methods, the Monte Carlo simulation (MCS) method is wildly used in an engineering design. In this work, an MCS-based reliability analysis was carried out for the stability of the chain pill...
متن کامل