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Business view on the development of industrial plant-wide optimization tool

    • Metso Outotec Finland Oy

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    174 Downloads (Pure)

    Abstract

    The process industry faces a strong need to increase product quality and reduce operating costs and its environmental footprint. Plant-wide monitoring and control is a requirement for achieving economically and environmentally efficient operation. The Coordinating Optimization of Complex Industrial Processes (COCOP) project's objective is to define, design and implement a concept that integrates existing industrial control systems with efficient data management and optimization methods, and provides a means to monitor and control large industrial production processes. This paper looks at the COCOP development from the business perspective of a copper-smelting pilot case. Business Model Canvas and Business Environmental Map methodologies were used in the pilot case workshops for studying potential business models and business environments related to the COCOP solution.

    Original languageEnglish
    Title of host publication2018 International Conference on Production and Operations Management Society
    Subtitle of host publicationPOMS 2018
    PublisherIEEE Institute of Electrical and Electronic Engineers
    ISBN (Electronic)978-1-5386-9500-5, 978-1-5386-9499-2
    ISBN (Print)978-1-5386-9514-2
    DOIs
    Publication statusPublished - 2 Jul 2018
    MoE publication typeA4 Article in a conference publication
    Event2018 International Conference on Production and Operations Management Society, POMS 2018 - Kandy, Sri Lanka
    Duration: 14 Dec 201816 Dec 2018

    Conference

    Conference2018 International Conference on Production and Operations Management Society, POMS 2018
    Abbreviated titlePOMS 2018
    Country/TerritorySri Lanka
    CityKandy
    Period14/12/1816/12/18

    Funding

    ACKNOWLEDGMENT The COCOP consortium consists of 12 partners from six European countries (Finland, Sweden, Denmark, Germany, the Netherlands and Spain). The consortium is, for the purpose of the project, well balanced with both research and commercial organizations (five research organizations and seven companies, four of which are SMEs) covering several sectors of the industry: steel, nutritional and materials products, automation technology providers, consultancy and software. The COCOP project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 723661. This article reflects only the author’s views and the Commission is not responsible for any use that may be made of the information contained therein.

    UN SDGs

    This output contributes to the following UN Sustainable Development Goals (SDGs)

    1. SDG 9 - Industry, Innovation, and Infrastructure
      SDG 9 Industry, Innovation, and Infrastructure

    Keywords

    • Business environment
    • Business model
    • Modelling
    • Optimization

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