FICO® Decision Management Suite helps design and maintain advanced control strategies that improve plant safety and profitability. Advanced optimisation capabilities increase the reliability of the decisions. Real-time optimisation calculates the best action for every situation while balancing constraints and objectives. Analytics software firm FICO (NYSE:FICO) today announced the roll-out of the FICO® Decision Management Suite […]
- FICO® Decision Management Suite helps design and maintain advanced control strategies that improve plant safety and profitability.
- Advanced optimisation capabilities increase the reliability of the decisions.
- Real-time optimisation calculates the best action for every situation while balancing constraints and objectives.
Analytics software firm FICO (NYSE:FICO) today announced the roll-out of the FICO® Decision Management Suite for plant-wide operational controls at Shell across its chemical plants around the globe.
The advanced optimisation capabilities of the FICO® Xpress Optimization Suite, part of the Decision Management Suite, help plan asset utilisation and maintenance requirements of the plants while improving plant stability and profitability. The platform is able to run calculations in real-time and provide the optimal recommended actions for every situation, balancing numerous constraints and objectives. After the system calculates the best actions, the onsite team interacts with a visual tool that gives them the control and flexibility to explore trade-offs and make the best possible decisions for the plant.
“The Decision Management Suite, and our optimisation tools in particular, bring numerous benefits to plant operations,” said Bill Waid, vice president and general manager for the Decision Management Suite business at FICO. “Our relationship with Shell and the decision science expertise that we bring to the table have been key to the project’s success.”
