Challenge problem approach to business dynamics and decision-making for process engineers

R. S. Huss, M. F. Malone, M. F. Doherty, Montgomery Meigs Alger

Research output: Contribution to journalArticle

Abstract

We describe challenge problems for process systems engineering to address uncertainties and business dynamics in an integrated approach to decision-making. Experience with the approach shows the value of a variety process systems methods as well as attention to both the process system and the product. For example, simulations are essential to justify proposed process retrofits and conceptual design targets are important in estimating the maximum possible cost reductions. Investments in product innovation and market development are also vital.

Original languageEnglish (US)
Pages (from-to)220-225
Number of pages6
JournalComputer Aided Chemical Engineering
Volume15
Issue numberC
DOIs
StatePublished - Dec 1 2003

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Process engineering
Conceptual design
Cost reduction
Systems engineering
Innovation
Decision making
Engineers
Industry
Uncertainty

All Science Journal Classification (ASJC) codes

  • Chemical Engineering(all)
  • Computer Science Applications

Cite this

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Challenge problem approach to business dynamics and decision-making for process engineers. / Huss, R. S.; Malone, M. F.; Doherty, M. F.; Alger, Montgomery Meigs.

In: Computer Aided Chemical Engineering, Vol. 15, No. C, 01.12.2003, p. 220-225.

Research output: Contribution to journalArticle

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