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

• 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/

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.