Abstract image of a woman sitting on books and studying on a laptop

11-4582_JS_tifs_refresh

S
Shelby Hegy

This document provides an overview of using Activated Economic Analysis in Aspen Plus V8.4. It describes the key steps in the activated economics workflow including setting up costing options, mapping unit operations to equipment, sizing equipment, and evaluating costs. The document explains how to access and interpret the economic analysis dashboards to understand relative capital costs, utility costs, and identify high cost areas of the process for optimization. It aims to help new users get started with the activated economics functionality in Aspen Plus.

1 of 14
Downloaded 27 times
1
2
3
4
5
6
7
8
9
10
11
12
13
14
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 A Brief Tutorial (and supplement to training and online documentation) Shelby Hegy, Product Marketing, Aspen Technology, Inc. Joshua Glagola, Product Management, Aspen Technology, Inc. Dave Tremblay, Product Management, Aspen Technology, Inc. Dan McCarthy, Product Management, Aspen Technology, Inc.
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 CVb Jump Start: Activated Economics in Aspen Plus® V8.4 Table of Contents Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 The Activated Economics Workflow. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Activated Economic Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Setting up Costing Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Setting up Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Accessing Activated Economic Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Mapping Unit Operations and Sizing and Evaluating Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Delving into Activated Economics Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Additonal Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 1 Introduction Activated Economic Analysis is the latest innovation from AspenTech to streamline the process engineering workflow. It allows users to access the functionality of complimentary energy and economic analysis software without leaving the Aspen HYSYS® or Aspen Plus® user environments. This guide will give users a Jump Start on learning how to use Activated Economic Analysis in Aspen Plus V8.4. If you are an Aspen HYSYS user, please see the analogous guide for Aspen HYSYS. This document can be found by going here: www.aspentech.com/Activated_Economics_HYSYS_V84.pdf. This is not meant to be used as a stand-alone reference document. We recommend that a range of other resources be called upon to give the new user a comprehensive view of how to use Activated Economic Analysis. These include: • AspenTech support website (support.aspentech.com) • AspenTech courseware available in online and in-person versions • AspenTech business consultants This document covers Activated Economic Analysis in Aspen Plus. This guide assumes that the user has Aspen Plus V8.4 or higher installed on his or her computer. The Activated Economics Workflow Activation is a concept released in Version 8.0 of Aspen Plus and Aspen HYSYS to streamline the engineering workflow across industries. With Activated Economics, it is possible to run simultaneous process cost evaluation while building a model in Aspen HYSYS or Aspen Plus. Activated Economic Analysis runs concurrently with the user simulation, updating whenever the model is changed. This allows the user to immediately view the economic impact of design changes for faster and more efficient process modeling and process designs optimized for capital and operating expenditure. Activated Economics gives process engineers insight into the capital and operating costs associated with their models throughout the design process, keeping them on track with the most economically feasible designs before they send equipment lists and process designs to the estimating department. By using Activated Economics during design, process engineers gain the advantage of pre-screening their own models before sending them off to other departments for more thorough cost estimates and analysis. This integrated workflow increases engineering efficiency by allowing process engineers to quickly screen out infeasible designs based on costs or constructability of equipment. Ultimately, the workflow of iterating through models based on feedback from other departments becomes streamlined, allowing everyone on the team (from process engineers to equipment and estimating specialists) to spend more time working on higher-quality design cases.
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 2 Jump Start: Activated Economics in Aspen Plus® V8.4 © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved.11-4030-0913 Activated Economic Analysis Activated Economics in Aspen Plus and Aspen HYSYS is powered by the same costing engine used in all of the Aspen Economic Evaluation products, including Aspen Capital Cost Estimator, Aspen In-Plant Cost Estimator, and Aspen Process Economic Analyzer. The Aspen Economic Evaluation products all work as an “Engineer in a Box” in that it checks equipment against design codes and safety standards. The common costing engine used by all of the tools ensures estimate consistency from the process engineer to the costing department. The costing engine uses unique volumetric models to develop estimates rather than taking a capacity factored approach. Volumetric models of equipment include associated plant bulks in the equipment costs—allowing project teams to reach faster, more accurate decisions based on consistent technical and economic information. Setting up Costing Options In order to use Activated Economic Analysis to estimate the relative capital and utility costs, it is important to properly set up costing options. First, open the Costing Options form by clicking the Cost Options button in the Prepare group on the Economics tab (Figure 1). Figure 1: The Cost Options button The default template for “Process Economic Analyzer Options” is US_IP (United States, Inch-Pound basis). To select a different template, click “Browse.” Next, specify a name to identify the scenario. You also have the option of adding a description and making detailed specifications, such as the operating life of the plant (Figure 2). Figure 2: Select a Process Economic Analyzer Template
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 3 Setting up Utilities To improve the accuracy of relative utility cost estimates, you should also set up energy costs for utilities. Aspen Plus V8.4 automatically designates default cost specifications to common utilities. To check that these align with your design, open the Process Utilities Manager by clicking the Process Utility Manager button in the Simulation group of the Home tab (Figure 3). Figure 3: The Process Utility Manager button Scroll through the process utilities matrix to view the properties and cost indices assigned to each utility. Any value in blue can be redefined by user input (Figure 4). Figure 4: Change the cost index for a utility Accessing Activated Economic Analysis The tiles governing Activation are displayed in their own panel. To open it, click the Activated Analysis button in the Analysis group on the Home tab (Figure 5). Figure 5: The Activated Analysis button
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 4 Jump Start: Activated Economics in Aspen Plus® V8.4 The Activation Panel has three tiles; one for energy, one for economics, and one for Exchanger Design & Rating (Figure 6). Figure 6: The Activation Panel You can undock the activation panel or move it to another part of the Aspen HYSYS environment by right clicking on it and selecting one of the options that appears (Figure 7). This is just one of the many dockable and undockable items in Aspen Plus—allowing for a customizable workspace. Figure 7: Move or undock the Activation Panel When you click on the Activated Economics tile, a dashboard appears summarizing the estimated relative capital and utility costs for the current simulation. Figure 8 shows a typical view of the Activated Economics dashboard, which displays capital and utility costs across the simulation. Figure 8: The Activated Economics dashboard The stacked buttons on the left allow you to access three different aspects of Activated Economic Analysis: the Unit Op Equipment Cost Table, the Unit Op Utility Cost Table, and the Economic Overlay Settings Form (from top to bottom, respectively). The Unit Op Equipment Cost Table displays a brief summary of the costs associated with each block or unit operation on the flowsheet. This is beneficial for determining which pieces of process equipment contribute the most to the overall cost of the process, allowing users to spend time optimizing the most cost intensive equipment. Equipment costs are displayed by unit operation or block, meaning that the column will display the cost of not only the column, but also the constituent equipment parts such as a reboiler or condenser as a single unit in the table (Figure 9).
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 5 Figure 9: The Unit Op Equipment Cost Table The Unit Op Utility Cost Table, much like the first stacked button, displays a summary of the utility costs for each unit operation or block in the flowsheet. Here you can quickly relate specific utility types to their appropriate unit operation and obtain the cost per hour (Figure 10). This allows users to identify major utility cost drivers and look for ways to optimize energy usage in specific pieces of process equipment. Figure 10: The Unit Op Utility Cost Table The Economics Overlay Settings button—represented by a grey gear—will bring up a form allowing you to select the highest three to ten unit operations in the model by operating cost, capital cost, installed cost, or weight and identify them visually on the flowsheet with a green circle (Figure 12). The display checkbox in the dialogue form turns the circles on and off. By default, the overlays will appear over the three unit operations with the highest operating cost as soon as Activated Economics is finished evaluating the flowsheet. The functionality of this button is duplicated in the economics ribbon on the far right in the Overlays group (Figure 11).
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 6 Jump Start: Activated Economics in Aspen Plus® V8.4 Figure 11: Select the criteria to find your highest cost unit operations Hovering over the green circles on the flowsheet with your mouse will display a summary of costs for the selected unit operation. This is useful for quickly identifying where optimization will be needed to increase cost savings in the process model (Figure 12). Figure 12: Quickly identify and examine high-cost unit operations Mapping Unit Operations and Sizing and Evaluating Equipment The Integrated Economics group on the Economics tab is designed so that the typical user workflow follows the button pattern from left to right. It starts with mapping, which establishes the relationship between unit operations and the equipment they represent. This relationship is not always one-to-one; rather, many unit operations actually model several pieces of equipment. For example, a distillation column block actually represents a column, condenser, reflux drum, reboiler, etc. In order to improve relative costing accuracy, it is important to map unit operations to the correct equipment models. To map unit operations to equipment, first be sure that the Economics Active box in the Economics Solver group is checked. This will enable the economics software which works under the hood to power Activated Economic Analysis. Next, click the Map button in the Integrated Economics group (Figure 13).
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 7 Figure 13: The Map button – note that Economics Active must be checked. This will bring up the mapping dialogue form. For your initial mapping, use the default mapping option. When the mapping equipment form launches, review and change the default mapping as necessary to appropriately represent your process. When you are done, click “OK” (Figure 14). Figure 14: Adjust equipment mapping as necessary Once the equipment is mapped, it must be sized. To do this, click the Size button in the Integrated Economics group (Figure 15). Figure 15: Sizing When sizing is complete, click the View Equipment button to open the Results Summary – Equipment form. Here, in addition to reviewing the sizing of the equipment, you can also define materials of construction (default setting is Carbon Steel). Defining materials of construction ensures consistency between the estimating and process groups, and allows process engineers to see the cost impact of different materials of construction to evaluate the optimal cost option—as material of construction is a major driver in equipment costs. Once a material of construction has been selected, it will appear as blue in the table—just as all other user input variables (Figure 16).
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 8 Jump Start: Activated Economics in Aspen Plus® V8.4 Figure 16: Select appropriate equipment metallurgies Finally, you must evaluate to determine the relative costs for each piece of equipment and the operating costs. To do so, click the Evaluate button in the Integrated Economics Group shown in Figure 15. The Integrated Economics workflow is the custom/manual workflow to compliment Activated Economic Analysis, which will go through the mapping, sizing, and evaluation steps automatically based on simulation defaults. Delving into Activated Economics Analysis To learn more about the estimates presented on the dashboard, click on the launchers at the bottom of the fields. The launcher at the lower right of the capital cost field will bring you back to the Results Summary – Equipment form. The launcher at the lower right of the Utility Cost field (Figure 17) will bring you to the utilities tab. Figure 17: Launch Utilities Tab
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 9 Toggle through the tabs on this form to see a summary of information relating to each piece of equipment represented in the simulation. It is very important to review the error fields to ensure an accurate estimate. If errors are present, the economics dashboard will display a caution sign under the capital cost total (Figure 17). Clicking this will also bring you to the Results Summary – Equipment form, where red X’s will show which pieces of equipment are in error. Hovering over the red X with your mouse will show the specific error message for more detail (Figure 18). The nametag for each piece of equipment also acts as a hyperlink. Clicking one will bring you to the specific equipment tab for that item where you can enter more detailed information (Figure 16). Figure 18: Evaluation Error Flagging and The Results Summary – Equipment form If you’d like to view investment metrics for the process, there is a drop-down arrow at the bottom of the economics dashboard. Clicking on this will open a drop-down menu displaying the operating profit, the payout period for the process, and the designated return on investment percentage (Figure 19).
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 10 Jump Start: Activated Economics in Aspen Plus® V8.4 Figure 19: View important investment metrics To generate a report, click on the Investment Analysis button in the Economics tab in the ribbon (Figure 20). Once you are satisfied with your results, the information can be handed over to a costing specialist, who can use Aspen Capital Cost Estimator for a more detailed analysis. Figure 20: Export Detailed Investment Analysis
© 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 11 Additional Resources Public Website: www.aspentech.com/products/activation Aspen Online Training: www.aspentech.com/products/aspen-online-training On-demand Short Presentations: Intro to Activation in Aspen HYSYS https://www.brainshark.com/aspentech1/activated-energy-hysys Intro to Activated Energy in Aspen HYSYS https://www.brainshark.com/aspentech1/activated-energy-hysys Activated Economics in Aspen HYSYS Overview https://www.brainshark.com/aspentech1/activated-econ-hysys-overview AspenTech Youtube Channel: http://www.youtube.com/user/aspentechnologyinc Activated Analysis in Aspen HYSYS http://www.youtube.com/watch?v=8-GDWpbKBls&list=PL0ADEB58FD49C6EBC&index=12 Activated Analysis in Aspen Plus http://www.youtube.com/watch?v=f2LbjV7zk7o&list=PL0ADEB58FD49C6EBC&index=11 Jump Start Tutorial Series: Jump Start: Activation with Aspen Plus V8.0 http://www.aspentech.com/ActivationAspenPlus/
Worldwide Headquarters Aspen Technology, Inc. 20 Crosby Drive Bedford, MA 01730 United States phone: +1–781–221–6400 fax: +1–781–221–6410 info@aspentech.com Regional Headquarters Houston, TX | USA phone: +1–281–584–1000 São Paulo | Brazil phone: +55–11–3443–6261 Reading | United Kingdom phone: +44–(0)–1189–226400 Singapore | Republic of Singapore phone: +65–6395–3900 Manama | Bahrain phone: +973–17–50–3000 For a complete list of offices, please visit www.aspentech.com/locations © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 About AspenTech AspenTech is a leading supplier of software that optimizes process manufacturing—for energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE® solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing, and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs, and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

More Related Content

PDF
Plan Estratégico Comercial de Bilbao 2015 - 2019
Irekia - EJGV
 
PDF
Laying Down the Groundwork for Financial Stability
M. Laura Di Diego
 
PDF
Laying Down the Groundwork for Financial Stability for Architecture & Enginee...
Citrin Cooperman
 
PDF
2018 McRock Capital IIoT Symposium: Antonio Pietri, Aspentech
MTechHub
 
PDF
Aspen one for chemicals brochure
ts_bvfcl
 
PDF
Aspen utilities user guide v7 2
A.S.M. Abdul Hye
 
PDF
ROI of Machine Learning In IoT
Value Amplify Consulting
 
PDF
C cooremans categorizing non-energy benefits of ee - iea roundtable - jan. ...
Catherine Cooremans
 
Plan Estratégico Comercial de Bilbao 2015 - 2019
Irekia - EJGV
 
Laying Down the Groundwork for Financial Stability
M. Laura Di Diego
 
Laying Down the Groundwork for Financial Stability for Architecture & Enginee...
Citrin Cooperman
 
2018 McRock Capital IIoT Symposium: Antonio Pietri, Aspentech
MTechHub
 
Aspen one for chemicals brochure
ts_bvfcl
 
Aspen utilities user guide v7 2
A.S.M. Abdul Hye
 
ROI of Machine Learning In IoT
Value Amplify Consulting
 
C cooremans categorizing non-energy benefits of ee - iea roundtable - jan. ...
Catherine Cooremans
 

Similar to 11-4582_JS_tifs_refresh (20)

PDF
Aspen Capital Cost Estimator User s Guide.pdf
Samantha Vargas
 
PPTX
Module 3 - Incorporating non-financial data into organisational decision making
Paul Brown
 
PPTX
cost.pptx
RickySuradiradja
 
PPTX
AFS Actionable Consumer Goods Analytics
Global Creative Group, Inc
 
PDF
Aspen hysys dynamic modeling
Lara Arinelli
 
PPTX
Energy Management Turned - Energy Productivity
Ezra Nielsen
 
PPTX
You_Exec_-_Cost_Optimization_Free.pptx
Phil Johnson
 
PDF
Managing energy consumption to improve forecasting checklist
Royal Mail
 
PDF
AspenHYSYSSimulationBasis.pdf
ssuserd436991
 
PPTX
The Lean CFO
Nick Katko
 
PDF
IMEC Services Overview 2013
IMECIllinois
 
PPTX
What's New in Activated Energy Analysis V8.pptx
MuhammadNaeem73958
 
PDF
Energy STEP
Schneider Electric India
 
PDF
Energising Facilities Management
EMEX
 
PPT
'Leadership & Change for Energy Efficiency in Accounting & Management' to CIM...
Paul Brown
 
PDF
Energy management for building owners and managers
Nate Kessman
 
PDF
Analyst Report: EMC IT - Leading the Transformation
EMC
 
PPT
When Does "Use Less" Become A Business
Eric Huang, LEED AP
 
PDF
Manufacturers use of technology
Dynamic Systems
 
PDF
Manufacturers use of technology
Dynamic Systems
 
Aspen Capital Cost Estimator User s Guide.pdf
Samantha Vargas
 
Module 3 - Incorporating non-financial data into organisational decision making
Paul Brown
 
cost.pptx
RickySuradiradja
 
AFS Actionable Consumer Goods Analytics
Global Creative Group, Inc
 
Aspen hysys dynamic modeling
Lara Arinelli
 
Energy Management Turned - Energy Productivity
Ezra Nielsen
 
You_Exec_-_Cost_Optimization_Free.pptx
Phil Johnson
 
Managing energy consumption to improve forecasting checklist
Royal Mail
 
AspenHYSYSSimulationBasis.pdf
ssuserd436991
 
The Lean CFO
Nick Katko
 
IMEC Services Overview 2013
IMECIllinois
 
What's New in Activated Energy Analysis V8.pptx
MuhammadNaeem73958
 
Energy STEP
Schneider Electric India
 
Energising Facilities Management
EMEX
 
'Leadership & Change for Energy Efficiency in Accounting & Management' to CIM...
Paul Brown
 
Energy management for building owners and managers
Nate Kessman
 
Analyst Report: EMC IT - Leading the Transformation
EMC
 
When Does "Use Less" Become A Business
Eric Huang, LEED AP
 
Manufacturers use of technology
Dynamic Systems
 
Manufacturers use of technology
Dynamic Systems
 
Ad

11-4582_JS_tifs_refresh

  • 1. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 A Brief Tutorial (and supplement to training and online documentation) Shelby Hegy, Product Marketing, Aspen Technology, Inc. Joshua Glagola, Product Management, Aspen Technology, Inc. Dave Tremblay, Product Management, Aspen Technology, Inc. Dan McCarthy, Product Management, Aspen Technology, Inc.
  • 2. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 CVb Jump Start: Activated Economics in Aspen Plus® V8.4 Table of Contents Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 The Activated Economics Workflow. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Activated Economic Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Setting up Costing Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Setting up Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Accessing Activated Economic Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Mapping Unit Operations and Sizing and Evaluating Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Delving into Activated Economics Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Additonal Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
  • 3. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 1 Introduction Activated Economic Analysis is the latest innovation from AspenTech to streamline the process engineering workflow. It allows users to access the functionality of complimentary energy and economic analysis software without leaving the Aspen HYSYS® or Aspen Plus® user environments. This guide will give users a Jump Start on learning how to use Activated Economic Analysis in Aspen Plus V8.4. If you are an Aspen HYSYS user, please see the analogous guide for Aspen HYSYS. This document can be found by going here: www.aspentech.com/Activated_Economics_HYSYS_V84.pdf. This is not meant to be used as a stand-alone reference document. We recommend that a range of other resources be called upon to give the new user a comprehensive view of how to use Activated Economic Analysis. These include: • AspenTech support website (support.aspentech.com) • AspenTech courseware available in online and in-person versions • AspenTech business consultants This document covers Activated Economic Analysis in Aspen Plus. This guide assumes that the user has Aspen Plus V8.4 or higher installed on his or her computer. The Activated Economics Workflow Activation is a concept released in Version 8.0 of Aspen Plus and Aspen HYSYS to streamline the engineering workflow across industries. With Activated Economics, it is possible to run simultaneous process cost evaluation while building a model in Aspen HYSYS or Aspen Plus. Activated Economic Analysis runs concurrently with the user simulation, updating whenever the model is changed. This allows the user to immediately view the economic impact of design changes for faster and more efficient process modeling and process designs optimized for capital and operating expenditure. Activated Economics gives process engineers insight into the capital and operating costs associated with their models throughout the design process, keeping them on track with the most economically feasible designs before they send equipment lists and process designs to the estimating department. By using Activated Economics during design, process engineers gain the advantage of pre-screening their own models before sending them off to other departments for more thorough cost estimates and analysis. This integrated workflow increases engineering efficiency by allowing process engineers to quickly screen out infeasible designs based on costs or constructability of equipment. Ultimately, the workflow of iterating through models based on feedback from other departments becomes streamlined, allowing everyone on the team (from process engineers to equipment and estimating specialists) to spend more time working on higher-quality design cases.
  • 4. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 2 Jump Start: Activated Economics in Aspen Plus® V8.4 © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved.11-4030-0913 Activated Economic Analysis Activated Economics in Aspen Plus and Aspen HYSYS is powered by the same costing engine used in all of the Aspen Economic Evaluation products, including Aspen Capital Cost Estimator, Aspen In-Plant Cost Estimator, and Aspen Process Economic Analyzer. The Aspen Economic Evaluation products all work as an “Engineer in a Box” in that it checks equipment against design codes and safety standards. The common costing engine used by all of the tools ensures estimate consistency from the process engineer to the costing department. The costing engine uses unique volumetric models to develop estimates rather than taking a capacity factored approach. Volumetric models of equipment include associated plant bulks in the equipment costs—allowing project teams to reach faster, more accurate decisions based on consistent technical and economic information. Setting up Costing Options In order to use Activated Economic Analysis to estimate the relative capital and utility costs, it is important to properly set up costing options. First, open the Costing Options form by clicking the Cost Options button in the Prepare group on the Economics tab (Figure 1). Figure 1: The Cost Options button The default template for “Process Economic Analyzer Options” is US_IP (United States, Inch-Pound basis). To select a different template, click “Browse.” Next, specify a name to identify the scenario. You also have the option of adding a description and making detailed specifications, such as the operating life of the plant (Figure 2). Figure 2: Select a Process Economic Analyzer Template
  • 5. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 3 Setting up Utilities To improve the accuracy of relative utility cost estimates, you should also set up energy costs for utilities. Aspen Plus V8.4 automatically designates default cost specifications to common utilities. To check that these align with your design, open the Process Utilities Manager by clicking the Process Utility Manager button in the Simulation group of the Home tab (Figure 3). Figure 3: The Process Utility Manager button Scroll through the process utilities matrix to view the properties and cost indices assigned to each utility. Any value in blue can be redefined by user input (Figure 4). Figure 4: Change the cost index for a utility Accessing Activated Economic Analysis The tiles governing Activation are displayed in their own panel. To open it, click the Activated Analysis button in the Analysis group on the Home tab (Figure 5). Figure 5: The Activated Analysis button
  • 6. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 4 Jump Start: Activated Economics in Aspen Plus® V8.4 The Activation Panel has three tiles; one for energy, one for economics, and one for Exchanger Design & Rating (Figure 6). Figure 6: The Activation Panel You can undock the activation panel or move it to another part of the Aspen HYSYS environment by right clicking on it and selecting one of the options that appears (Figure 7). This is just one of the many dockable and undockable items in Aspen Plus—allowing for a customizable workspace. Figure 7: Move or undock the Activation Panel When you click on the Activated Economics tile, a dashboard appears summarizing the estimated relative capital and utility costs for the current simulation. Figure 8 shows a typical view of the Activated Economics dashboard, which displays capital and utility costs across the simulation. Figure 8: The Activated Economics dashboard The stacked buttons on the left allow you to access three different aspects of Activated Economic Analysis: the Unit Op Equipment Cost Table, the Unit Op Utility Cost Table, and the Economic Overlay Settings Form (from top to bottom, respectively). The Unit Op Equipment Cost Table displays a brief summary of the costs associated with each block or unit operation on the flowsheet. This is beneficial for determining which pieces of process equipment contribute the most to the overall cost of the process, allowing users to spend time optimizing the most cost intensive equipment. Equipment costs are displayed by unit operation or block, meaning that the column will display the cost of not only the column, but also the constituent equipment parts such as a reboiler or condenser as a single unit in the table (Figure 9).
  • 7. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 5 Figure 9: The Unit Op Equipment Cost Table The Unit Op Utility Cost Table, much like the first stacked button, displays a summary of the utility costs for each unit operation or block in the flowsheet. Here you can quickly relate specific utility types to their appropriate unit operation and obtain the cost per hour (Figure 10). This allows users to identify major utility cost drivers and look for ways to optimize energy usage in specific pieces of process equipment. Figure 10: The Unit Op Utility Cost Table The Economics Overlay Settings button—represented by a grey gear—will bring up a form allowing you to select the highest three to ten unit operations in the model by operating cost, capital cost, installed cost, or weight and identify them visually on the flowsheet with a green circle (Figure 12). The display checkbox in the dialogue form turns the circles on and off. By default, the overlays will appear over the three unit operations with the highest operating cost as soon as Activated Economics is finished evaluating the flowsheet. The functionality of this button is duplicated in the economics ribbon on the far right in the Overlays group (Figure 11).
  • 8. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 6 Jump Start: Activated Economics in Aspen Plus® V8.4 Figure 11: Select the criteria to find your highest cost unit operations Hovering over the green circles on the flowsheet with your mouse will display a summary of costs for the selected unit operation. This is useful for quickly identifying where optimization will be needed to increase cost savings in the process model (Figure 12). Figure 12: Quickly identify and examine high-cost unit operations Mapping Unit Operations and Sizing and Evaluating Equipment The Integrated Economics group on the Economics tab is designed so that the typical user workflow follows the button pattern from left to right. It starts with mapping, which establishes the relationship between unit operations and the equipment they represent. This relationship is not always one-to-one; rather, many unit operations actually model several pieces of equipment. For example, a distillation column block actually represents a column, condenser, reflux drum, reboiler, etc. In order to improve relative costing accuracy, it is important to map unit operations to the correct equipment models. To map unit operations to equipment, first be sure that the Economics Active box in the Economics Solver group is checked. This will enable the economics software which works under the hood to power Activated Economic Analysis. Next, click the Map button in the Integrated Economics group (Figure 13).
  • 9. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 7 Figure 13: The Map button – note that Economics Active must be checked. This will bring up the mapping dialogue form. For your initial mapping, use the default mapping option. When the mapping equipment form launches, review and change the default mapping as necessary to appropriately represent your process. When you are done, click “OK” (Figure 14). Figure 14: Adjust equipment mapping as necessary Once the equipment is mapped, it must be sized. To do this, click the Size button in the Integrated Economics group (Figure 15). Figure 15: Sizing When sizing is complete, click the View Equipment button to open the Results Summary – Equipment form. Here, in addition to reviewing the sizing of the equipment, you can also define materials of construction (default setting is Carbon Steel). Defining materials of construction ensures consistency between the estimating and process groups, and allows process engineers to see the cost impact of different materials of construction to evaluate the optimal cost option—as material of construction is a major driver in equipment costs. Once a material of construction has been selected, it will appear as blue in the table—just as all other user input variables (Figure 16).
  • 10. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 8 Jump Start: Activated Economics in Aspen Plus® V8.4 Figure 16: Select appropriate equipment metallurgies Finally, you must evaluate to determine the relative costs for each piece of equipment and the operating costs. To do so, click the Evaluate button in the Integrated Economics Group shown in Figure 15. The Integrated Economics workflow is the custom/manual workflow to compliment Activated Economic Analysis, which will go through the mapping, sizing, and evaluation steps automatically based on simulation defaults. Delving into Activated Economics Analysis To learn more about the estimates presented on the dashboard, click on the launchers at the bottom of the fields. The launcher at the lower right of the capital cost field will bring you back to the Results Summary – Equipment form. The launcher at the lower right of the Utility Cost field (Figure 17) will bring you to the utilities tab. Figure 17: Launch Utilities Tab
  • 11. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 9 Toggle through the tabs on this form to see a summary of information relating to each piece of equipment represented in the simulation. It is very important to review the error fields to ensure an accurate estimate. If errors are present, the economics dashboard will display a caution sign under the capital cost total (Figure 17). Clicking this will also bring you to the Results Summary – Equipment form, where red X’s will show which pieces of equipment are in error. Hovering over the red X with your mouse will show the specific error message for more detail (Figure 18). The nametag for each piece of equipment also acts as a hyperlink. Clicking one will bring you to the specific equipment tab for that item where you can enter more detailed information (Figure 16). Figure 18: Evaluation Error Flagging and The Results Summary – Equipment form If you’d like to view investment metrics for the process, there is a drop-down arrow at the bottom of the economics dashboard. Clicking on this will open a drop-down menu displaying the operating profit, the payout period for the process, and the designated return on investment percentage (Figure 19).
  • 12. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 10 Jump Start: Activated Economics in Aspen Plus® V8.4 Figure 19: View important investment metrics To generate a report, click on the Investment Analysis button in the Economics tab in the ribbon (Figure 20). Once you are satisfied with your results, the information can be handed over to a costing specialist, who can use Aspen Capital Cost Estimator for a more detailed analysis. Figure 20: Export Detailed Investment Analysis
  • 13. © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 Jump Start: Activated Economics in Aspen Plus® V8.4 11 Additional Resources Public Website: www.aspentech.com/products/activation Aspen Online Training: www.aspentech.com/products/aspen-online-training On-demand Short Presentations: Intro to Activation in Aspen HYSYS https://www.brainshark.com/aspentech1/activated-energy-hysys Intro to Activated Energy in Aspen HYSYS https://www.brainshark.com/aspentech1/activated-energy-hysys Activated Economics in Aspen HYSYS Overview https://www.brainshark.com/aspentech1/activated-econ-hysys-overview AspenTech Youtube Channel: http://www.youtube.com/user/aspentechnologyinc Activated Analysis in Aspen HYSYS http://www.youtube.com/watch?v=8-GDWpbKBls&list=PL0ADEB58FD49C6EBC&index=12 Activated Analysis in Aspen Plus http://www.youtube.com/watch?v=f2LbjV7zk7o&list=PL0ADEB58FD49C6EBC&index=11 Jump Start Tutorial Series: Jump Start: Activation with Aspen Plus V8.0 http://www.aspentech.com/ActivationAspenPlus/
  • 14. Worldwide Headquarters Aspen Technology, Inc. 20 Crosby Drive Bedford, MA 01730 United States phone: +1–781–221–6400 fax: +1–781–221–6410 info@aspentech.com Regional Headquarters Houston, TX | USA phone: +1–281–584–1000 São Paulo | Brazil phone: +55–11–3443–6261 Reading | United Kingdom phone: +44–(0)–1189–226400 Singapore | Republic of Singapore phone: +65–6395–3900 Manama | Bahrain phone: +973–17–50–3000 For a complete list of offices, please visit www.aspentech.com/locations © 2013 Aspen Technology, Inc. AspenTech® , aspenONE® , the Aspen leaf logo, the aspenONE logo, and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved. 11-4582-1113 About AspenTech AspenTech is a leading supplier of software that optimizes process manufacturing—for energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE® solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing, and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs, and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.