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Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant

Heavy duty and safety requirements during the plant operation require the static and rotating equipment specified for any operations fully meet the specification. As such the design engineer has to carefully select the criteria to evaluate any equipment. The current approach of evaluation is time...

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Main Author: Abdul Rasid, Muhammad Ridhwan
Format: Final Year Project
Language:English
Published: Universiti Teknologi PETRONAS 2011
Subjects:
TJ Mechanical engineering and machinery
Online Access:http://utpedia.utp.edu.my/10387/1/2011%20-%20Development%20of%20a%20Model%20for%20technical%20and%20Commercial%20Evaluation%20of%20Rotating%20Equipment%20for%20O.pdf
http://utpedia.utp.edu.my/10387/
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spelling my-utp-utpedia.103872017-01-25T09:42:03Z http://utpedia.utp.edu.my/10387/ Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant Abdul Rasid, Muhammad Ridhwan TJ Mechanical engineering and machinery Heavy duty and safety requirements during the plant operation require the static and rotating equipment specified for any operations fully meet the specification. As such the design engineer has to carefully select the criteria to evaluate any equipment. The current approach of evaluation is time consuming. In this project, research was done to address this issue. At technical and commercial evaluation was developed for selection of rotating equipment for offshore applications. The project focused on two methods which were Pairwise Comparison and Factor Rating method by examining related important criteria between available equipment. The Pairwise Comparison compared all the important criteria of the equipment to get the weight of each criterion for factor rating method. By using factor rating method, criteria were compared the ahernative equipment in term of score thus the highest weighted score (weight rating x score) was chosen as the best. Commercial evaluation model also been developed to enhance the selection of the best alternatives in term of economical wise. Present Worth analysis was used to develop the model. Microsoft Excel was used to illustrate a rough model integrating all the mathematical equation, criteria and weight rating method to fmd solution of the best ahernatives. Universiti Teknologi PETRONAS 2011-05 Final Year Project NonPeerReviewed application/pdf en http://utpedia.utp.edu.my/10387/1/2011%20-%20Development%20of%20a%20Model%20for%20technical%20and%20Commercial%20Evaluation%20of%20Rotating%20Equipment%20for%20O.pdf Abdul Rasid, Muhammad Ridhwan (2011) Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant. Universiti Teknologi PETRONAS. (Unpublished)
institution Universiti Teknologi Petronas
building UTP Resource Centre
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Petronas
content_source UTP Electronic and Digitized Intellectual Asset
url_provider http://utpedia.utp.edu.my/
language English
topic TJ Mechanical engineering and machinery
spellingShingle TJ Mechanical engineering and machinery
Abdul Rasid, Muhammad Ridhwan
Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant
description Heavy duty and safety requirements during the plant operation require the static and rotating equipment specified for any operations fully meet the specification. As such the design engineer has to carefully select the criteria to evaluate any equipment. The current approach of evaluation is time consuming. In this project, research was done to address this issue. At technical and commercial evaluation was developed for selection of rotating equipment for offshore applications. The project focused on two methods which were Pairwise Comparison and Factor Rating method by examining related important criteria between available equipment. The Pairwise Comparison compared all the important criteria of the equipment to get the weight of each criterion for factor rating method. By using factor rating method, criteria were compared the ahernative equipment in term of score thus the highest weighted score (weight rating x score) was chosen as the best. Commercial evaluation model also been developed to enhance the selection of the best alternatives in term of economical wise. Present Worth analysis was used to develop the model. Microsoft Excel was used to illustrate a rough model integrating all the mathematical equation, criteria and weight rating method to fmd solution of the best ahernatives.
format Final Year Project
author Abdul Rasid, Muhammad Ridhwan
author_facet Abdul Rasid, Muhammad Ridhwan
author_sort Abdul Rasid, Muhammad Ridhwan
title Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant
title_short Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant
title_full Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant
title_fullStr Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant
title_full_unstemmed Development of A Model for Technical and Commercial Evaluation of Rotating Equipment for Offshore Plant
title_sort development of a model for technical and commercial evaluation of rotating equipment for offshore plant
publisher Universiti Teknologi PETRONAS
publishDate 2011
url http://utpedia.utp.edu.my/10387/1/2011%20-%20Development%20of%20a%20Model%20for%20technical%20and%20Commercial%20Evaluation%20of%20Rotating%20Equipment%20for%20O.pdf
http://utpedia.utp.edu.my/10387/
_version_ 1739831797431140352
score 13.211869

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