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• W2109279802 abstract "The article contains sections entitled: 1.Introduction2.Performance Measurement Practices2.1.Performance Measurement Frameworks2.2.Performance Measures and Key Performance Indicators2.2.1.Corporate Performance Indicators2.2.2.Strategic Key Performance Indicators2.2.3.Operational Key Performance Indicators2.3.Performance Targets for Chemical Process Plants2.4.Performance Measurement Problem in Chemical Process Plants2.5.Performance Objectives of Batch Chemical Plants3.Operational Effectiveness Model3.1.Structure of Operational Effectiveness Model3.1.1.Step 1: Manufacturing Process Inputs3.1.2.Step 2: Effectiveness Measures3.1.3.Step 3: The Actual Process3.1.4.Step 4: Theoretical Determination of Performance Targets3.1.4.1.Determination of Ideal Cycle Time3.1.4.1.1.Prediction of Heat-Transfer Time3.1.4.1.2.Chemical Reaction Cycle Time3.1.4.2.Defining Ideal Yield3.1.4.3.Defining Ideal Production Quantity (Economic Batch Quantity)3.1.5.Step 5: Import of External Benchmarking Data3.1.6.Step 6: Comparisons and Identification of Gaps3.1.7.Step 7: Definition and Application of Improvement3.2.Example of Practical Application4.ConclusionPerformance measurement is a competitive tool widely used by manufacturing and service organizations to evaluate the output of business processes. Its fundamental purpose is to quantify the potential for improvement and construct plans for further development. This article aims to increase the understanding of performance measurement in chemical plants. Existing performance measurement practices are reviewed, and their roles in the improvement of business and operational results of chemical process plants are defined. A developed performance measurement model, called the “operational effectiveness model”, is also introduced. It comprises a sequence of several performance measurement steps which ensure that chemical batch plants operate efficiently and effectively." @default.
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• W2109279802 date "2006-07-15" @default.
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• W2109279802 title "Chemical Plants: Performance Measurement of Processes" @default.
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• W2109279802 doi "https://doi.org/10.1002/14356007.k06_k01" @default.
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