TY - GEN
T1 - Optimization of driver selection for minimizing cost on LNG plant considering risk factor
AU - Lee, Inkyu
AU - Tak, Kyungjae
AU - Lim, Wonsub
AU - Moon, Il
AU - Choi, Kwang Ho
PY - 2012
Y1 - 2012
N2 - The natural gas liquefaction process is an cryogenic system so it is very energy and cost intensive. There are several ways to reduce energy and cost consumption. One is getting optimal design and the other is getting optimal operating condition. After determined the process design, then optimize operating conditions such as temperatures, pressures and compositions. In this paper, to get optimal design in point of cost, optimization of driver selection is performed considering risk factor on C3-MR (propane pre-cooling mixed refregerant) process. Driver selection includes capital and operating cost. Capital cost could just get from venders but operating cost is very changeable. To solve driver selection more accurate, our team consider not only cost of fuels and electrics but also risk factor as the cost term. There are three scenarios to compare effects of risk factor. Risk factor depends on number of compressors which is connected to same driver. Each case is selected from mixed integer non-linear programming (MINLP) optimization results. The result is significantly different considering risk factor or not.
AB - The natural gas liquefaction process is an cryogenic system so it is very energy and cost intensive. There are several ways to reduce energy and cost consumption. One is getting optimal design and the other is getting optimal operating condition. After determined the process design, then optimize operating conditions such as temperatures, pressures and compositions. In this paper, to get optimal design in point of cost, optimization of driver selection is performed considering risk factor on C3-MR (propane pre-cooling mixed refregerant) process. Driver selection includes capital and operating cost. Capital cost could just get from venders but operating cost is very changeable. To solve driver selection more accurate, our team consider not only cost of fuels and electrics but also risk factor as the cost term. There are three scenarios to compare effects of risk factor. Risk factor depends on number of compressors which is connected to same driver. Each case is selected from mixed integer non-linear programming (MINLP) optimization results. The result is significantly different considering risk factor or not.
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M3 - Conference contribution
AN - SCOPUS:84872545839
SN - 9781467322478
T3 - International Conference on Control, Automation and Systems
SP - 2222
EP - 2225
BT - ICCAS 2012 - 2012 12th International Conference on Control, Automation and Systems
T2 - 2012 12th International Conference on Control, Automation and Systems, ICCAS 2012
Y2 - 17 October 2012 through 21 October 2012
ER -