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“ANSWERING THE BIG TURNAROUND QUESTION”

Charles Etter, Equistar Chemicals, LP

Format:
Electronic (digital download/no shipping)

Associate Member, International Member, Petrochemical Member, Refining Member - $0.00
Government, NonMember - $25.00

Description:

This paper describes a risk-based model developed by Lyondell/Equistar to assist with turnaround timing decisions. The model, which will be illustrated with a case study, is based on four factors: 1) the probabilistic cost of failure due to an unplanned outage, 2) planning and execution costs, 3) life cycle costs, and 4) business environment impacts. A focus of this paper will be the presentation of a risk-based methodology for quantifying the probability and cost of an unplanned outage over time.

Product Details:

Product ID: RMC-01-102
Publication Year: 2001