Statsscandleplot: A New Way of Monitoring Operational Performance Indicators

Abstract

Operational KPIs play an extremely important role in the process industry, aiding in decision making. However, they need to be reliably calculated to be representative. The present work presents a schematic methodology for the calculation of these KPIs, including techniques of steady-state detection, denoising, error propagation and sensitivity analysis, presented, as far as it is known, in the form of a new graphical tool proposed by the authors named StatSSCandlePlot. The methodology was applied in a real case study of a gas fired boiler in which the indicator studied was its efficiency evaluated by the Stack Loss Method. From the StatSSCandlePlot it was possible to identify the trends of the indicator, the portion of each window in the steady-state, the values to be considered from the indicator and, in a complementary way, to identify the variable that most influences the variation of the indicator, through the sensitivity analysis.