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Economic calculations in a process control system

  • US 8,417,595 B2
  • Filed: 05/13/2010
  • Issued: 04/09/2013
  • Est. Priority Date: 03/01/2001
  • Status: Active Grant
First Claim
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1. A system for use in a process plant having a controller coupled to a plurality of field devices, comprising:

  • a data source device including economic data related to the operation of the process plant;

    a diagnostic application stored on a first electronic device and communicatively connected to the controller, wherein the diagnostic application is adapted to collect diagnostic data related to abnormal operating conditions of the operation of the process plant during operation of the process plant;

    an economic model incorporating both economic and diagnostic variables stored on a second electronic device and coupled to the data source and to the diagnostic application to receive and use the diagnostic data and the economic data to develop an economic parameter with respect to the operation of the process plant; and

    a control application stored on a third electronic device and adapted to use the economic parameter to perform a control activity within the process plant.

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