A discrete event simulation model for reliability modeling of a chemical plant

This paper discusses a discrete event simulation model developed to identify and understand the impact of different failures on the overall production capabilities in a chemical plant. The model will be used to understand key equipment components that contribute towards maximum production loss and to analyze the impact of a change policy on production losses. A change policy can be classified in terms of new equipment installation or increasing the stock level for the failure prone components. In this paper, we present the approach used and some preliminary results obtained from available data.