BibTex format
@inproceedings{Ranjbar-Bourani:2016,
author = {Ranjbar-Bourani, M and Cardin, M-A},
title = {Strategic, tactical and operational flexibility in design and evaluation of a decentralized on-shore LNG production system},
year = {2016}
}
Publications
Citation
RIS format (EndNote, RefMan)
TY - CPAPER
AB - The conceptual design phase of capital-intensive and long-lasting engineering systems is very important as crucial decisions need to be made at this stage. These systems generally are subject to various sources of uncertainty throughout the system lifetime. Flexibility is a proactive way to deal with such uncertainty. This paper presents a three-step methodology to quantify flexibility in engineering systems design: 1) developing a deterministic quantitative performance model; 2) developing a quantitative performance model under uncertainty and 3) developing a quantitative performance model for flexibility. The proposed methodology is then applied to a case study in designing and evaluation of a decentralized on-shore Liquefied Natural Gas (LNG) production system. Different types of flexibility are embedded in strategic, tactical and operational level decision-making of the case study. Results show that the value of flexibility increases for strategies that combine different types of flexibility. The analysis provides insight for decision makers to quantify the value of flexibility when there are different types of flexibility and motivate the use of flexibility in engineering design as a paradigm to deal with uncertainty affecting the lifecycle performance of engineering systems.
AU - Ranjbar-Bourani,M
AU - Cardin,M-A
PY - 2016///
TI - Strategic, tactical and operational flexibility in design and evaluation of a decentralized on-shore LNG production system
ER -