Scheduling Software is suitable for refining industry.
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Press Release Summary:
Production Scheduler delivers crude-oil-blend scheduling and production targets. It automatically generates multiple optimized schedules and provides schedulers with information needed to analyze and select best schedule to be executed. Built on web-based platform, software optimizes handling and blending of crude oils and predicts crude unit product yields and properties.
Original Press Release:
Honeywell Introduces Next-Generation Solution for Optimal Crude Oil Scheduling
Phoenix, Arizona, July 10, 2002 - The Industry Solutions business of Honeywell [NYSE:HON] Automation and Control Solutions has introduced its new Production Scheduler software application, an innovative solution designed to meet complex crude-oil scheduling demands in the refining industry.
The solution incorporates new proprietary technologies that deliver improved crude-oil-blend scheduling and more effective production targets, resulting in greater profitability and a competitive edge for refiners. The financial gains available can provide investment payback within the first year of use. Specific benefits include:
-Reduced costs of crude-oil processed and chemicals purchased
-Greater predictability of refinery operations
-Reduced feedstock and quality issues
-Better analysis of scheduling options
-Reduced inventories
-Superior capacity utilization and throughput
-Increased plant yields
-Improved visibility of scheduling and inventories across the supply chain.
Virginia Burnell, Vice President and General Manager of Honeywell Industry Solutions' Energy Business, said, "Superior crude-oil scheduling can produce tremendous benefits for many refineries. Production Scheduler provides our customers with this capability and another competitive edge in production-which leads to greater bottom - line results."
What makes Production Scheduler so innovative is that it goes beyond just simulating a production schedule, by automatically generating multiple optimized schedules in a matter of seconds and providing schedulers with the information needed to analyze and quickly select the best schedule to be executed. Competing products can only go as far as simulating schedules, relying on scheduling personnel to manually select an optimal schedule with limited guidance.
Production Scheduler optimizes the handling and blending of crude oils and provides a comprehensive schedule of refinery activities. It specifically determines the assignment of crude-oil receipts into storage tanks, the blending of crude oil from those tanks into unit charge tanks, and the charging of crude oil to the crude distillation units. It also provides the capability to predict crude unit product yields and properties.
Production Scheduler is built on a web-based platform that ensures all personnel have the information needed to make effective scheduling and operational decisions. Its accessibility promotes collaboration between planners, operations personnel, maintenance personnel, management, and traders.
Production Scheduler works seamlessly with a number of related Honeywell applications. It is part of the Business.FLEX® PKS(tm) Advanced Planning and Scheduling solution suite for complete refinery planning and scheduling. Integration with the other Business.FLEX PKS applications provides one of the most comprehensive solutions for supply chain planning and manufacturing execution in the industry.
Business.FLEX PKS solutions deliver on Honeywell's commitment to Knowledge, Innovation, and Results-the guiding principles of Process Knowledge Solution(tm) industry offerings and the recently introduced Experion PKS(tm) next-generation control system.
Business.FLEX PKS solutions are installed at over 400 sites worldwide.
Automation and Control Solutions is a US$8 billion global leader in providing product and service solutions to create efficient, safe, and comfortable environments and help business and industry improve productivity and profitability. It comprises three businesses: Industry Solutions; Service; and Automation and Control Products. ACS offers heating, ventilation, humidification and air-conditioning equipment controls, security and fire alarm systems, home automation systems, energy-efficient lighting controls, and building management systems and services. It also provides automation systems, advanced software solutions, and value-added services used in a variety of industries. ACS is also a global supplier of sensors, switches, and control products for industrial applications.
Industry Solutions, a global business in the Honeywell Automation and Control Solutions group, provides automation and business solutions for industrial manufacturers to improve productivity, compliance, safety, and decision-making. Through applied knowledge and innovation, Industry Solutions helps customers achieve superior business results. For more information about Industry Solutions, access http://acs.honeywell.com/.
Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials. Honeywell employs approximately 115,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available on the Internet at www.honeywell.com.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
Business.FLEX® is a registered trademark, and Experion PKS(tm), Process Knowledge Solution(tm), and PKS(tm) are trademarks of Honeywell International Inc.
