ICARUS and SRIC Unveil Decision Engineering Analyzer to Unify Business Investment Decisions and Automated Engineering Analysis
Committed to develop knowledge-based tools that accelerate the making of sound, confident business investment decisions based on automated engineering analysis, ICARUS Corporation and SRI Consulting, Inc. have announced the availability of Decision Engineering Analyzer.
"This unique and exciting product combines the knowledge bases of SRI Consulting's extensive library of process technologies with ICARUS' time-tested Kbase engineering design and evaluation software," said SRIC's Vice President, Chemicals and Energy, Emilio Cvitkovic. "It is an important breakthrough in providing our clients with state-of-the-art technology that will improve their speed, flexibility and effectiveness in making key strategic decisions."
Decision Engineering Analyzer (Analyzer) provides executives with a comprehensive insight into the business investment opportunities of a proposed process manufacturing facility -- earlier than ever -- before extensive funds and resources are expended to study, engineer or build. From concept to on-stream production, Analyzer provides the key decision elements: capital investment and manufacturing costs -- the process economics, process technology, EPC designs, costs and schedule of events. Now, business, R&D and engineering managers can quickly develop alternate "what-if" strategies and analyze decision-oriented results to develop a sound, strategic plan. With Analyzer, managers can confidently identify the right chemical process, design, schedule, production capacity, location and process economics to achieve the profit objectives.
"The process industry has long sought a system that provides business and engineering groups with a shared, consistent basis for investment decision-making," said William F. Geritz, ICARUS' Executive Vice President. "Decision Engineering Analyzer becomes the keystone in the decision process. Together with logical connections to other engineering systems, Decision Engineering Analyzer allows executives to re-evaluate assumptions and analyze the impact of current market conditions at each decision point -- quickly and cost-effectively. Analyzer maintains continuity and jumpstarts detailed downstream studies."
A team from Fluor Daniel, one of the world's foremost engineering design and construction firms, had a unique opportunity to work with and test Analyzer. "Analyzer fits into Fluor Daniel's engineering automation environment," said Mag Fouad, Fluor Daniel's vice president of Process Technology. "It enables us to quickly apply our vast base of planning and design experience to a wider variety of client problems. With Analyzer, we can evaluate alternate strategies that include process selection and design, production capacities, and plant locations. And Analyzer's comprehensive economic analysis helps us to determine the most profitable investment opportunities. As a result, we can provide the right solution to the right problem at the right time. For Fluor Daniel clients, this equates to better, faster decisions, lower total installed costs, earlier payback and better utilization of their investment funds."
A Technical Advisory Board of nine international owner-operators, technology licensors and engineering firms tested and guided the development of Decision Engineering Analyzer. The results of their efforts are embodied in the commercial release of the easy-to-use Decision Engineering Analyzer.
About SRI Consulting
SRI Consulting (SRIC) is a leading, worldwide provider of knowledge-based management consulting services. SRIC's in-depth knowledge of the process industries and critical technologies assists companies to achieve revenue growth and renewal. It is SRIC's mission to help clients create a vision of the future and develop products and service strategies to capitalize on rapidly changing markets.
About ICARUS
ICARUS Corporation is a leading provider of knowledge-based engineering technology -- developing software and services used worldwide by owner-operators, technology licensors and engineering firms. ICARUS' mission is to provide clients with a shared knowledge-based technology that integrates business objectives with automated engineering analysis -- helping its clients to achieve a stronger competitive position.
Decision Engineering Analyzer meets all of ICARUS' Y2K Compliance Testing Requirements. For details, visit the ICARUS Web site at http://www.aspentech.com/.